IEX stock rises 4% as total electricity volume increases 21% YoY in August
Shares of the Indian Energy Exchange (IEX) rose nearly 4% to Rs 142 in Tuesday’s trade on BSE after the firm achieved 8,469 MU total electricity volume in August 2023, registering an increase of 21% on a year-on-year (YoY) basis.
In August 2023, the country experienced its lowest August rainfall since 1901, resulting in hot weather conditions that led to an unprecedented surge in electricity demand, the company said in an exchange filing.
