LIC Portfolio Stock: IEX Share Price Jumps 5 per cent — Biggest Single-Day Rally in Over 3 Months! Here’s Why
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Over the last five years, IEX stock has delivered multibagger returns of 233 per cent.
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The share price of Indian Energy Exchange (IEX) Ltd. rose by as much as 5 per cent on Wednesday, July 9, after reports suggested that the government is reviewing a key power market reform known as “market coupling.” This reform is not considered a major change for the power sector.
As of 1:05 PM on July 9, 2025, shares of Indian Energy Exchange Ltd were trading at Rs 210.70, up Rs 9.75 or 4.85 per cent from the previous close of Rs 200.95. The stock opened at Rs 201.35 and moved between an intraday low of Rs 199.10 and a high of Rs 211.75. Over the past 52 weeks, the stock has recorded a high of Rs 244.35 and a low of Rs 151.05.
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The Grid Controller of India had submitted a report on this topic to the Central Electricity Regulatory Commission (CERC), which is now under review. The government may also explore ways to expand the energy derivatives market in the future.
Earlier, the Share price of Indian Energy Exchange (IEX) saw a sharp fall on Wednesday, June 11, 2025, dropping by 10.2% to touch an intraday low of ₹188.5 on the BSE, accompanied by heavy trading volumes. The decline followed reports suggesting that Power Minister Manohar Lal may soon brief key stakeholders on the concept of market coupling and its potential advantages.
On February 21, Power Secretary Pankaj Agarwal also mentioned that both the Ministry and CERC were reviewing the Grid Controller's report.
Back in September 2024, a government official confirmed that market coupling was being considered, although no timeline was given.
What is Market Coupling?
Market coupling refers to a mechanism where buy and sell orders from all three power exchanges in India — namely, Indian Energy Exchange (IEX), Power Exchange India Limited (PXIL), and Hindustan Power Exchange (HPX) — are consolidated to determine a uniform Market Clearing Price (MCP).
Currently, each exchange operates independently by matching its own bids to derive separate MCPs, leading to discrepancies in electricity prices across platforms.
The objective of market coupling in the electricity sector is to streamline power trading by integrating the exchanges. This approach enhances transparency, improves price discovery, and promotes overall market efficiency.
IEX Stock Performance
Over the last five years, IEX stock has delivered multibagger returns of 233 per cent. The stock is up 34.19 per cent in the last three months and 19.10 per cent on a year-to-date (YTD) basis. On a one-year basis, it has gained 15.70 per cent, making it a notable performer in the energy and Mid-Cap segment.
About Company
Indian Energy Exchange (IEX) is India’s first and leading energy trading platform regulated by the Central Electricity Regulatory Commission since June 2008. The exchange provides an automated system for trading electricity, green energy, and certificates such as RECs and energy-saving certificates. It aims to ensure efficient price discovery and transparent market operations. LIC India holds 3.99 per cent stake, Dalmia Cement Bharat Limited and Dalmia Power hold 4.17 and 3.74 per cent stake in this company, respectively
Disclaimer: The article is for informational purposes only and not investment advice