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Business Standard
25-07-2025
- Business
- Business Standard
Volumes jump at Trident Ltd counter
Trident Ltd saw volume of 1235.37 lakh shares by 14:14 IST on NSE, a 17.01 fold spurt over two-week average daily volume of 72.61 lakh shares Indian Energy Exchange Ltd, eClerx Services Ltd, Cyient Ltd, Authum Investment & Infrastructure Ltd are among the other stocks to see a surge in volumes on NSE today, 25 July 2025. Trident Ltd saw volume of 1235.37 lakh shares by 14:14 IST on NSE, a 17.01 fold spurt over two-week average daily volume of 72.61 lakh shares. The stock increased 1.97% to Rs.32.15. Volumes stood at 123.89 lakh shares in the last session. Indian Energy Exchange Ltd witnessed volume of 2281.96 lakh shares by 14:14 IST on NSE, a 11.93 times surge over two-week average daily volume of 191.34 lakh shares. The stock increased 10.88% to Rs.146.72. Volumes stood at 1277.37 lakh shares in the last session. eClerx Services Ltd registered volume of 5.3 lakh shares by 14:14 IST on NSE, a 9.14 fold spurt over two-week average daily volume of 57911 shares. The stock rose 0.79% to Rs.3,688.00. Volumes stood at 28284 shares in the last session. Cyient Ltd recorded volume of 25.07 lakh shares by 14:14 IST on NSE, a 8.75 times surge over two-week average daily volume of 2.86 lakh shares. The stock lost 0.17% to Rs.1,239.50. Volumes stood at 5.49 lakh shares in the last session. Authum Investment & Infrastructure Ltd witnessed volume of 26.22 lakh shares by 14:14 IST on NSE, a 7.86 times surge over two-week average daily volume of 3.34 lakh shares. The stock dropped 5.83% to Rs.2,644.50. Volumes stood at 5.18 lakh shares in the last session.
News18
25-07-2025
- Business
- News18
IEX Shares Recover After Thursday Rout, Rises 10% On Q1 Earnings Beat
Last Updated: Shares of Indian Energy Exchange Ltd (IEX) staged a sharp recovery in Friday's trade, rising 10% to hit the upper circuit IEX Shares Price: Shares of Indian Energy Exchange Ltd (IEX) staged a sharp recovery in Friday's trade, rising 10% to hit the upper circuit at Rs 145.65 on the BSE. The rebound came after a steep 29% fall on Thursday, as investors reassessed the sharp selloff as excessive. The recovery was supported by better-than-expected June quarter results, providing temporary relief to IEX's 13.59 lakh retail shareholders. Strong Q1 Results Back Recovery IEX reported a 25.2% year-on-year (YoY) rise in consolidated net profit to Rs 120.7 crore for Q1FY26. Revenue also rose 19.2% YoY to Rs 184.2 crore, compared to Rs 154.5 crore a year ago. Brokerage Motilal Oswal Financial Services (MOFSL) said revenue was in line with its estimates, EBITDA fell short, but profit after tax (PAT) beat expectations by 5%, thanks to higher other income. The firm maintained a 'Neutral' rating on the stock. JM Financial echoed a similar view, stating that while Q1FY26 results were broadly in line with expectations, PAT exceeded expectations due to stronger-than-anticipated other income. IEX said India's peak power demand during summer 2025 hit 242 GW on June 12. The government took proactive steps, including invoking Section 11 of the Electricity Act to mandate full-capacity operation of imported coal-based plants, activating gas-based units, and ensuring adequate domestic coal supplies. Despite forecasts of record demand (277 GW), an early monsoon and widespread unseasonal rains kept temperatures—and power consumption—lower than expected. India's electricity consumption in Q1FY26 stood at 446 BUs, down 1.3% from the year-ago period. CERC Order and Market Coupling On the regulatory front, IEX addressed the Central Electricity Regulatory Commission's (CERC) recent order to implement market coupling in the Day-Ahead Market (DAM) segment. IEX said it is conducting a detailed impact assessment and will update stakeholders as the implementation progresses. As per the directive, market coupling will begin in a phased manner with DAM by January 2026, using a round-robin model where exchanges take turns as Market Coupling Operators (MCOs). Grid-India will act as the backup MCO with audit responsibilities. CERC has also asked for similar coupling mechanisms in other market segments like the Real-Time Market (RTM) and Term-Ahead Market (TAM), to be explored through pilots and consultations. IEX currently commands a ~90% market share in electricity trading across power exchanges. Analysts fear that once market coupling is implemented, IEX's pricing advantage may diminish. With a uniform market clearing price (MCP) across exchanges, IEX could be reduced to a neutral clearing platform—similar to PTC India—removing its ability to compete on price or efficiency. First Published: July 25, 2025, 10:11 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
24-07-2025
- Business
- Business Upturn
IEX crashes 26% today: What is market coupling and why it's hitting Indian Energy Exchange so hard
By Aditya Bhagchandani Published on July 24, 2025, 12:19 IST Shares of Indian Energy Exchange Ltd. (IEX) plummeted 26% on July 24, hitting a low of ₹139.02, following the Central Electricity Regulatory Commission's (CERC) decision to implement market coupling norms for the Day Ahead Market (DAM). This sharp decline marks one of the worst single-day performances for the stock, with over 4.4 crore sell orders pending on the NSE at the lower circuit. As per the latest CERC announcement, market coupling in the DAM segment will be implemented by January 2026. Under this framework, all buy and sell orders from various power exchanges will be aggregated and matched by Market Coupling Operators (MCOs) to discover a uniform market clearing price, thereby eliminating the competitive edge of any single platform. IEX, which currently commands around 85% market share in the spot electricity market, stands to lose its pricing advantage due to this move. Analysts view this as a structural shift in the power trading ecosystem. Brokerage Bernstein maintained a 'market perform' rating but slashed its target price to ₹122, citing the regulatory overhang as a major concern. The stock opened 23% lower and remains in the F&O ban, restricting new derivative positions. IEX is also expected to announce its quarterly results later today, which will be closely watched for further direction. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
24-07-2025
- Business
- News18
IEX Shares Tank 10% After Regulator Clears Market Coupling for Day-Ahead Power Trade
Last Updated: Shares of Indian Energy Exchange Ltd (IEX) hit the 10% lower circuit on Thursday, July 24; Key points for investors Shares of Indian Energy Exchange Ltd (IEX) hit the 10% lower circuit on Thursday, July 24, following reports that the Central Electricity Regulatory Commission (CERC) has approved the implementation of market coupling in the Day-Ahead Market (DAM). As part of the first phase of these new regulations, DAM will be coupled by January 2026. Under this model, various power exchanges will rotate as Market Coupling Operators (MCOs) through a round-robin mechanism. What Is Market Coupling? Market coupling is a process that aggregates buy and sell bids from all power exchanges in the country to arrive at a single, uniform market clearing price (MCP). This means electricity traded across all exchanges will follow one uniform price point at any given time. While the change won't have an immediate impact on end consumers, it could eventually lead to lower power tariffs. Impact on Power Exchanges Once implemented, power exchanges will primarily act as platforms to receive bids and dispatch power, reducing their role in price discovery. The move aims to enhance transparency and efficiency in the power market. IEX Share Price History At 9:15 a.m., IEX shares were down 10% at ₹169.1 on the NSE. Over the past year, IEX shares have gained nearly 7%, outperforming the Nifty 50, which has risen around 3.3% in the same period. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
26-06-2025
- Business
- Time of India
NSE to launch monthly electricity futures in next 2-3 weeks
National Stock Exchange (NSE) will soon introduce electricity futures. This allows managing price risks for power stakeholders. Approvals are in place and the launch is expected in 2-3 weeks. Monthly contracts will be available. Transaction charges will be waived for the first six months. The goal is to boost renewable energy investment. This aligns with India's net-zero emissions target. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The National Stock Exchange NSE ) on Thursday said it will launch electricity futures contract - a product which will allow power buyers, sellers, traders, industrial and retailers to manage price risks - in the next 2-3 weeks."We have all approvals in are talking to all stakeholders. Our internal team is fully 2-3 weeks we will announce the launch date," NSE head of sustainability, power, carbon markets and listing Harish K Ahuja electricity futures contract will become functional on the NSE within a few days of the announcement of the launch monthly contract will be available throughout the year, he said, adding, it will commence on the first business day of every month and expire a day before the contract promote the product, NSE Chief Business Development Officer Sriram Krishnan said the exchange plans to waive off transaction charges on trading of electricity futures contracts for the first six months after lot size of the one-month electricity futures contract will be 50 MWh, which is equivalent to 50,000 units of electricity in one price will be decided by taking the 30-day weighted average spot price of the three energy exchanges - Indian Energy Exchange Ltd , Hindustan Power Exchange Ltd and HPL Electric and Power monthly electricity contracts will have 50MWh as the trading unit, Re 1 per MWh as tick size and the maximum order size of 2,500 the NSE is exploring a contract for difference (CfD) that enables renewable projects to achieve stable month, NSE received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures journey toward achieving its net-zero emissions target demands substantial investment, estimated at over USD 250 billion year-on-year till 2047 as per the Niti Aayog 2030, renewable energy sources such as solar and wind are expected to contribute over 50 per cent of the nation's installed power capacity.A robust and dynamic electricity derivatives market is essential to attract this scale of climate finance from both domestic and global was the first stock exchange in India to establish an electricity exchange, launching Power Exchange India Limited (PXIL) in 2008. Our strong understanding of both spot and derivatives markets uniquely positions us to build an integrated and liquid electricity derivatives market. PTI
