Indian Energy Exchange soars 13% on heavy volume, stock up 21% in four days

IEX on Wednesday, December 8, 2021, announced that its board allotted 599 million equity shares of Re 1 each as fully-paid up bonus equity shares, in the proportion of 2:1 to the eligible members

Shares of Indian Energy Exchange (IEX) moved higher by 13 per cent to Rs 304.05 on the BSE in Friday’s intra-day trade on back of heavy volumes ahead of listing of bonus shares. The stock was trading higher for the fourth straight day, having rallied 21 per cent during the period. The stock hit a 52-week high of Rs 318.40 (adjusted to 2:1 bonus) on October 19, 2021.

At 01:48 pm; the stock was trading 10 per cent higher at Rs 297, as compared to 0.49 per cent decline in the S&P BSE Sensex. A combined 56.6 million equity