Big fall in the stock of Indian Energy Exchange
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IEX currently holds almost 100% market share in the day-ahead market and real-time market segments. Analysts have expressed concern over the impact of market coupling on IEX trading and reiterated a ‘reduce’ rating on the stock. Implementation of market coupling may take time as CERC will need to draft and hold consultations. Overall, IEX stock has seen a downtrend over the past year and continues to face challenges amid increased competition and market dynamics.
The company has given -33% return in last 1 year and 120% return in last 3 years. Investors can keep an eye on this stock.
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