Indian Energy Exchange Ltd News

Indian Energy Exchange Q3 results: Net profit rises nearly 17% to Rs 107 cr

Indian Energy Exchange (IEX) on Thursday posted a nearly 17 per cent rise in its consolidated net profit to Rs 107.29 crore, mainly driven by higher revenues. The company had reported a consolidated net profit of Rs 91.80 crore for the quarter ended December 31, 2023, a BSE filing showed. Its total income rose to Rs 160.53 crore in the quarter from Rs 141.21 crore a year ago. The Board of Directors has also approved the payment of an interim dividend of Rs 1.50 per equity share, having a face value of Re 1 each for 2024-25. The record date for ascertaining the name of members/beneficial owners entitled to receive the interim dividend is Friday, January 31, 2025. IEX, in a statement, said that during the quarter, IEX achieved an electricity traded volume of 30.5 billion units (BU), marking a 15.9 per cent year-on-year rise and traded 26.52 lakh Renewable Energy Certificates (RECs), recording a 31 per cent growth. According to the statement, adequate availability of fuel in this qu

PVR Inox, Crompton, IEX: 5 smallcap stks see Death Cross; can dip up to 13%

Technically, the term 'Death Cross' indicates a weak set-up as the stock's 50-day moving average has dropped below the long-term 200-day moving average.

Analysts expect short-covering in Nifty; FIIs trim Bank Nifty bearish bets

F&O cues for Oct 25: The PCR data suggests 'max pain' for Nifty at 24,450 and for Bank Nifty at 51,700, said Dhupesh Dhameja of SAMCO Securities.

Indian Energy Exchange Q2 results: Net profit rises 25% to Rs 108.32 cr

Indian Energy Exchange (IEX) on Thursday posted over 25 per cent rise in consolidated net profit at Rs 108.32 crore for the quarter ended September 30, 2024 compared to the year-ago period mainly due to higher revenues. The company had reported a consolidated net profit of Rs 86.46 crore in the quarter ended on September 30, 2023, a regulatory filing showed. Total income rose to Rs 167.76 crore in the quarter in the quarter under review, from Rs 132.97 crore in the same period a year ago.

Nifty futures premium erodes; options hints at more pain below 24,700

F&O cues for Oct 22: Breakout from 24,700-25,250 range to trigger the next directional move, said Sahaj Agarwal of Kotak Securities. IndiaMart InterMesh and RBL Bank among 16 stocks in F&O ban today.

FIIs most bullish in 3 months, shows F&O data; Nifty eyes 4th monthly gain

Derivatives market update for Sept 30: FIIs long-short ratio in index futures jumped to 4.4:1; implying more than 4 long positions in index futures for every bet on the short side.

IEX tanks 12% on reports of govt's plan to implement market coupling

IEX doesn't see any merit in market coupling for power exchanges and believes that there will be more complexities in its implementation, than gains.

BSE zooms 19% on heavy volumes; MCX surges 8% on positive outlook

The outlook for Indian equities market in FY25 appears promising, supported by various factors such as economic recovery, stable government, increased focus on reforms, and rise foreign investments.

IEX hits 52-week high as Antique retains 'Buy', says coupling risk fading

Antique Broking believes that coupling risk from the uniform market clearing price mechanism could be fading given the practical difficulties in its implementation

F&O Insights: Aug expiry, RIL AGM to guide Nifty; India Cements exit today

Derivative market update for Thursday, August 29: The 10-day Nifty rally is under threat amid weak global cues; Monthly F&O expiry and RIL AGM may add to the market volatility.

F&O Insights: FIIs up Nifty, Bank Nifty bullish bets; futures premium dip

Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.

F&O cues: FIIs bullish on Nifty MidCap; JK Cement, Deepak Nitrite on radar

Derivatives market update for Friday, August 23: Analysts suggest Nifty options market reflects a bearish sentiment, with increased Call writing vs. Puts, as the index nears major hurdles.