IEX nears record high post December power mkt update, soars 24% in 3 days

After a dip in demand over the last three months, the all-India peak demand in December 2019 rose to 170 GW, up 5 per cent YoY

Shares of Indian Energy Exchange (IEX) rallied 9 per cent to hit a fresh 52-week high of Rs 174 on the BSE on Monday as power demand zoomed in December 2019.

The stock of the electric utilities company has soared 24 per cent in the past three trading days in an otherwise weak market. It was trading near its all-time high of Rs 178, touched on November 9, 2018.

“The electricity market at IEX recorded a total trade of 4,768 million units (MU) in December 2019. The market witnessed a 51 per cent year on year (YoY) and