IEX’s stock under pressure as July Volume dipped 1.7% y-o-y

Indian Energy Exchange (IEX) Limited knowledgeable that it achieved 7,151 MU quantity in July 2022, which incorporates 6,088 MU within the standard energy market, 589 MU within the Inexperienced Energy Market, and 475 MU within the REC Market. The corporate reported a decline of 1.7% throughout all segments on a y-o-y foundation.

As per the info printed by Nationwide Load Dispatch Heart on energy demand, the vitality consumption at 128 BU noticed 2.3% yoy development in July 2022. Whereas sequentially, it recorded a decline of 4%. Nationwide peak demand declined by 5% yoy and was 10% decrease on MoM foundation owing to monsoon spell.

Because of the demand discount, the clearing worth within the Day-Forward market lowered to Rs5.41 per unit in July 2022 as in comparison with Rs6.49 per unit in June 2022.

The Day-Forward Market quantity stood at 3,517 MU registering a 17% yoy decline in the course of the month. The Actual-Time electrical energy market achieved 2131 MU quantity in the course of the month, up by 34% yoy.

The Time period-Forward Market comprising intra-day, contingency, every day & weekly contracts traded 440 MU in the course of the month, witnessing a contraction of 42%.

At round 10.26 AM, Indian Vitality Trade was buying and selling at Rs166 down by Rs0.3 or 0.18% from its earlier closing of Rs166.30 on the BSE. The scrip opened at Rs167 and has touched intraday excessive and low of Rs167.80 and Rs166 respectively.