Business & Investment

IEX stock price: IEX reaches 20% of the top circuit as the company is considering issuing bonuses

New Delhi: On Tuesday, stocks on the Indian Energy Exchange () reached the circuit’s cap as bonus stocks were talked about.

“The company’s board of directors will meet on Thursday, October 21, to consider a proposal to issue a share bonus, subject to the approval of the company’s shareholders,” it said in a regulatory filing. rice field.

After development, IEX’s share price on Tuesday rose 20% to the daily circuit limit of Rs 956.15, trading at Rs 921.35 at 9:55 am.



The BSE Sensex was also trading at 62,187.11, up 421.52 points (0.68%). The scrip settled down at Rs 796.80 on Monday.

The company’s board of directors reviews and approves quarterly and semi-annual unaudited financial results that ended September 30, 2021 on Thursday.

India’s energy exchange share has skyrocketed 360% over the past year, while Scrip has skyrocketed 55% over the past month.

IEX is India’s premier electricity exchange, which enjoys a nearly monopoly position in the energy exchange business. It has a market share of about 95% in the electric power exchange market.

The company recorded a total electricity transaction volume of 8,997 million units (MU) in September, up 59% year-on-year.

IEX stock price: IEX reaches 20% of the top circuit as the company is considering issuing bonuses

https://economictimes.indiatimes.com/markets/stocks/news/iex-hits-20-upper-circuit-as-company-mulls-bonus-issue/articleshow/87129113.cms IEX stock price: IEX reaches 20% of the top circuit as the company is considering issuing bonuses

Back to top button