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11-Feb2019

IEX surges on reporting 18% rise in Q3 net profit

Indian Energy Exchange (IEX) is currently trading at Rs 167.50, up by 2.05 points or 1.24% from its previous closing of Rs 165.45 on the BSE.

The scrip opened at Rs. 166.85 and has touched a high and low of Rs 168.00 and Rs 165.40 respectively. So far 4245 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs 178.00 on 09-Nov-2018 and a 52 week low of Rs 140.50 on 07-Mar-2018.

Last one week high and low of the scrip stood at Rs 168.00 and Rs 159.00 respectively. The current market cap of the company is Rs 5080.04 crore.

The Institutions and Non-Institutions held 49.68% and 50.33% respectively.

Indian Energy Exchange (IEX) has reported 17.73% rise in its net profit at Rs 42.62 crore for the quarter ended December 31, 2018 under review as compared to Rs 36.20 crore for the same quarter in the previous year. Total income of the company increased by 9.56% at Rs 76.92 crore for Q3FY19 as compared Rs 70.21 crore for the corresponding quarter previous year.

IEX is India's first and no. 1 electricity exchange. It is a transparent, neutral, demutualised, nationwide, automated, online electricity trading platform. It enables efficient price discovery and price risk management for participants of the electricity market including industries eligible for open access through anonymous platform.


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