IEX shares in focus after power trade volume rises 9% in February

Indian Energy Exchange (IEX) shares will be in focus on Tuesday after the company reported a 9% year-on-year (YoY) increase in electricity traded volume, reaching 9,622 million units (MU) in February 2025. This growth was driven by strong demand across market segments, with the day-ahead market (DAM) and real-time market (RTM) posting double-digit gains.

The DAM segment traded 5,369 MU, up 14% YoY, while RTM volume surged 23% to 2,887 MU. However, the term-ahead market (TAM) saw a 45% YoY decline, trading 814 MU.

Despite higher demand, market clearing prices in the DAM segment fell 11% YoY to Rs 4.38 per unit, reflecting higher liquidity on the supply side. This price drop benefited distribution companies (discoms) and industrial consumers by enabling power procurement at competitive rates.


The IEX Green Market saw robust growth, with volumes rising 85% YoY to 552 MU. The green day-ahead market (G-DAM) surged 95% YoY to 519 MU, while the green term-ahead market (G-TAM) posted a modest 3% YoY increase to 33 MU.

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Additionally, 16.37 lakh renewable energy certificates (RECs) were traded, marking a 167% YoY jump, with clearing prices of Rs 350 and Rs 349 per REC in trading sessions on February 12 and February 27, 2025.

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IEX Shares Target Price

According to Trendlyne data, the average target price for the stock is Rs 210, which implies a 36% upside from current market prices. The consensus recommendation from 10 analysts for the stock is a 'Buy'.

IEX Shares Performance

On Monday, IEX shares closed at Rs 154.6, down 1% on the BSE, while the benchmark Sensex declined 0.15%. The stock has declined 25% in the past six months but gained 6% in the last two years. The company’s market capitalization stands at Rs 13,893 crore.

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