IEX said the Day-Ahead Market (DAM) volume stood at 4,798 MU in December compared with 5,001 MU in December 2022. The DAM segment registered total volumes of 14,684 MU in the December quarter, up 1.5 per cent YoY.
IEX outlook: The implementation of market coupling and its resultant impact on market share and high power price-driven shift in power volumes away from spot market to longer duration instruments will be keenly watched
Shares of IEX are in the bear grip, falling 21 per cent in the last one month. The stock is down 30 per cent in the last one year. Antique Stock broking last week suggested a target of Rs 105 on the stock.
Indian Hotels shares witnessed eight weeks of lateral consolidation on the weekly chart. The stock is outperforming benchmark indices. The momentum indicator viz the MACD is positively poised.