IEX Sees Surge in Trading Volume Amid Positive Momentum in Power Sector

Indian Energy Exchange Ltd (IEX), a prominent player in the power generation and distribution sector, has emerged as one of the most active equities today, with a total traded volume of 53,581,866 shares and a total traded value of approximately Rs 105.48 crores. The stock opened at Rs 194.79 and reached a day high of Rs 201.35, before settling at a last traded price of Rs 193.05, reflecting a slight increase of 0.51% for the day.
Notably, IEX has outperformed its sector by 0.5%, marking a trend reversal after two consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive momentum. Additionally, the delivery volume on April 25 surged to 1.24 crore shares, a remarkable increase of 704.17% compared to the 5-day average delivery volume, suggesting heightened investor participation.

With a market capitalization of Rs 17,074.13 crores, IEX remains a liquid stock, suitable for trades up to Rs 6.36 crores based on 2% of its 5-day average traded value. Overall, the stock's performance today reflects a significant recovery and increased trading activity in the mid-cap power sector.