Shares of Indian Energy Exchange (IEX) hit a 52-week low of Rs 116, freezing at the 15 per cent lower circuit on the National Stock Exchange (NSE) in Friday’s intra-day trade on reports that the Power Ministry has directed the Central Electricity Regulatory Commission (CERC) to implement the process of market coupling in a timely manner.
The stock of the country’s premier energy exchange has tanked 22 per cent in past two trading days. In past one week, it has slipped 24 per cent, as compared to 0.8 per cent rise in the Nifty 50. The stock fell below its previous low of Rs 125.75, touched on March 29, 2023.
Till 09:33 AM; a combined 12 million equity shares changed hands on the NSE and BSE. The stock trades in futures & options (F&O) segment and hence does not have any circuit limits.
