iifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

IEX stock slips 2% as pricing fell 30% y-o-y in May

6 Jun 2023 , 10:37 AM

Indian Energy Exchange’s share dipped over 2% in the early morning trade on Tuesday as the company said that it's pricing during May 2023 has reduced by 30% y-o-y. 

The company said that in May 2023 its price was Rs 4.74 per unit, down 30% year-on-year against Rs 6.76 per unit in May 2022, owing to an improving supply-side scenario that led to increased liquidity and cooler weather conditions.

In anticipation of an upsurge in power demand in the coming months, there is optimistic anticipation for an enhanced power supply. This positive development can be attributed to increased coal availability, reduced prices in e-auction coal, as well as declining costs of imported coal and gas. 

These contributing factors are expected to facilitate competitive pricing and simplify the process for power distribution companies (Discoms) and open access consumers to procure the required power, as highlighted in the company's regulatory filing.

However, on a year-on-year (YoY) basis, the total volume for the month registered a growth of 8%.

At around 10.30 AM, Indian Energy Exchange was trading 2.35% lower at Rs 149.60, against the previous close of Rs 153.20 on NSE.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • IEX
  • IEX May Volume
  • IEX Price
  • IEX Stocks News
  • Indian Energy Exchange
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.