NSE:IEX Market Yoke Proposal Analysis

Indian Energy Exchange Ltd ( NSE : IEX ) proverb a significant drop in its share monetary_value on September 24, 2024. The stock plummet by 11.12% to range Rs 212.65, devising it the large loser in the BSE's' angstrom' group. A sum of 41.5 lakh share were trade on the BSE, far exceed the average daily volume of 8.72 lakh shares.

Fusion Micro Finance Ltd was another company that experience a luminary decline in its stock monetary_value, lose 8.12% to range Rs 252.4. This put it as the second large loser in the' angstrom' group on the BSE. Similarly, Nava Ltd proverb a clang of 7.59% to Rs 1175.1, SBFC Finance Ltd pare 6.41% to Rs 98.91, and Concord Biotech Ltd correct 6.28% to Rs 2231.1, devising them the one-third, fourth, and fifth large loser in the group, respectively.

On the other hand, IEX's share monetary_value get_down positively but later take a sharp hit due to report about the government proceeding with the market yoke proposal. The Power Ministry is resolute in its committedness to market yoke of power exchange and has urge the Grid Controller of India to expedite the ongoing pilot survey, oversee by the CERC, focus on technical aspect of the proposal. Grid India is expect to submit its report to CERC within the following month.

The final decision on the execution timeline will be make by CERC, with the Ministry aim to introduce the new mechanism either by the end of the current fiscal year or at the beginning of FY26. This semen as IEX share have been on an upward tendency, billow over 60% in the stopping_point six calendar_month. brokerage firm Antique has keep a bullish mentality on IEX, elevation its target monetary_value to 262 and mention the company's double-digit volume growth.

In decision, while IEX confront a significant reverse in its share monetary_value, the market yoke proposal by the Power Ministry could bring about a new mechanism that set a uniform market clearing monetary_value across all exchange. investor are closely monitoring the development in the energy exchange sector for potential impact on stock performance.