INDIAN ENERGY EXCHANGE SHARE PRICE

These 3 stocks close crossing below VWAP on July 11

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 8.5 points down at 24315.95

Smallcap rail stock hit 5% upper circuit on winning orders from Indian Railways

Oriental Rail Infra Stock: Under the terms of the contract, 95% of the contract value will be disbursed upon receipt of an inspection certificate from the nominated agency and proof of dispatch or delivery of the materials. The remaining 5% will be paid after the goods are received, inspected, and officially accepted.

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 67.41 points down at 24257.05

Indian Hotels shares decline 0.37% as Sensex slides

A total of 51,721 shares changed hands on the counter till 11:47AM (IST)

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 34.05 points up at 24354.6

Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index closed 3.3 points down at 24320.55

Share market update: Most active stocks on D-Street today in terms of volume

The NSE Nifty index was trading 62.25 points down at 24239.9

IREDA shares surge nearly 6% after sanctioned loans amount jumped nearly 5 times

Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.

Ashish Kacholia invests Rs 40 crore in Inox Green Energy’s Rs 1,050 crore fundraising plan

The Rs 1,050-crore fundraising plan involves issuing 2,89,85,503 equity shares valued at Rs 400 crore and 4,48,27,582 convertible warrants valued at Rs 650 crore. These shares and warrants will be allotted to a total of 12 investors, including Kacholia.

Ambuja Cements, Ravi Sanghi to offload 3.52 pc stake in Sanghi Industries

Ambuja Cements and Ravi Sanghi plan to sell a 3.52% stake in Sanghi Industries through an OFS. The sale will occur over two days on June 26 and June 27, 2024. Adani group firm Ambuja Cement acquired a majority stake in Sanghi Industries last year, with shares peaking at Rs 151.85 on January 15, 2024.

Amara Raja shares rally 20% to fresh highs as company signs agreement for lithium ion batteries

Amara Raja Energy partners with Gotion High-Tech for advanced cell manufacturing, accessing technology, Gigafactory facilities, and battery materials. Collaborations with InoBat strengthen LiB battery development.

Share market update: Most active stocks in today's market in terms of volume

The NSE Nifty index closed 65.91 points down at 23501.1

Stock Radar: IEX hits fresh 52-week high; breaks out of almost 2 years of consolidation

From Rs 144 on May 14 the IEX stock rose to Rs 170 on June 14 — an upside of over 24% in a month. The momentum fuelled a rally in the stock, which hit a fresh 52-week high of Rs 182 on June 14. After a prolonged consolidation of 2 years, it witnessed a time-wise and price-wise correction and eventually found support above 110 levels in June 2023. It quickly recouped losses and built on gains. Despite this, it failed to hold above the 170 level again in January 2024.

Is the stock market closed today for Eid-al-Adha (Bakri Eid) holiday?

Share Market Holiday: Apart from Bakri Eid (June 17), in 2024, the markets will be shut for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

Mutual funds buy 14 crore shares of midcap multibagger Suzlon Energy in May

Wind and solar energy solutions provider Suzlon Energy's stock was in the thick of action in May ending as one of the top additions by mutual funds. They added 14.21 crore shares in May taking the tally to 45.03 crore shares as of May 31, 2024, from 30.81 crore shares as of April 30, 2024, according to a Nuvama report.

Share market update: Most active stocks of the day in terms of total traded value

The NSE Nifty index was trading 60.65 points up at 23383.6

Electricity trade volumes on IEX jumps nearly 29 pc to 10,633 mn units in May

Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged by 640.3% yearly, impacting obligated entities and voluntary customers. Proactive measures by the government and regulators influenced trading platforms and market prices.

Despite record peak demand, power exchange prices remain lower than last year's peak period

The average daily price in the day-ahead market on the power exchange remained lower in May compared to peak periods last year, despite record-high peak demand. This indicates sufficient energy supply from various sources. The average price during May was ₹5.30 per unit, lower than last year's peak period of mid-August to mid-September, which was ₹7.75 per unit. Increased hydro and wind power generation have contributed to this improvement in supply. Even during days of record peak demand, prices remained relatively low on average.

Gas needs a new pricing meter

What could future policy look like? Pricing policy needs to be simplified and streamlined with global norms. Ensuring linkage to rolling averages of global benchmarks like Brent or other global benchmarks, along the C Rangarajan committee recommendations, would sustain the balance between consumers and producers. This should be implemented alongside more uniform gas pricing. One price could be benchmarked for LNG imports, another for domestically produced gas from regular fields, and one higher price for more difficult fields like ultra-deep and high-temperature high-pressure fields.

Stock Radar: Multibagger returns in less than 1 year! This green NBFC player is poised for continued growth

IREDA has rallied by about 190% since its November 2023 listing. After reaching 215 in February, the momentum in the stock fizzled out. It continued to drift lower and found support above 120 levels in March. The stock is trading well above most of the crucial moving averages such as 5,10,30,50 and 100-DMA on the daily charts.

Axis Capital upgrades IEX rating, raises target price to Rs 170

Axis Capital upgraded IEX to 'add' from 'sell', raising the target price to Rs 170, citing improved growth prospects for exchanges. With expectations of rising electricity and gas volumes, IEX anticipates robust earnings growth in FY25.

IEX shares rally 9% in 3 days after Q4 results beat

IEX reported a 14.7% YoY increase in its PAT on May 15 along with a revenue at Rs 149.5 crore for the fourth quarter of the financial year 2024.