IEX stock climbs 3% as total electricity volume increases 15% YoY in December
Shares of the Indian Energy Exchange (IEX) climbed nearly 3% to Rs 167.8 in Thursday’s trade on BSE after the firm reported a 14.9% year-on-year increase in its overall volume for December 2023, with a total of 9,707 Million Units (MU) traded, including 10.52 lakh Renewable Energy Certificates (RECs), equivalent to 1052 MU.
The exchange witnessed a rise in electricity trading volume, reaching 8,655 MU in December 2023, up by 8.7% compared to the same month in the previous year. For the third quarter of fiscal year 2024, IEX’s total volume surged to 28,326 MU, marking a 16.9% growth year-over-year.
