IEX Share Price Dips on June 12 After 10% Fall a Day Earlier

Indian Energy Exchange Ltd (IEX) continued to draw investor attention on Thursday following a sharp fall in its share price on the previous trading day. On June 11, 2025, IEX stock plunged by 10.2%, hitting an intraday low of ₹188.5 on the BSE. There was a slight recovery at the open on June 12.

IEX Share Price Performance

On June 12, 2025, IEX share price opened at ₹195.00, up from its previous close of ₹193.68. At 10:16 AM, the share price of IEX was trading at ₹192.90, down by 0.40% on the NSE. The stock price hit its 52-week low at ₹151.00 on March 4, 2025. The market cap of the company stood at ₹17,200.75 crore.

Market Coupling Talks Resurface

The recent volatility in IEX shares also coincides with ongoing policy discussions around market coupling in India’s power exchanges. CNBC-TV18 reported that Power Minister Manohar Lal may soon initiate stakeholder consultations on the subject to explain the intended benefits of market coupling.

Market coupling refers to the process of aggregating and matching buy and sell bids across power exchanges to determine a uniform market clearing price for electricity at any point in time. This could lead to a more efficient price discovery mechanism and enhanced competition.

CNBC-TV18 reports stated that, according to officials, if implemented, the process will operate through broad bids, not internal ones, ensuring greater transparency. The discussions stem from a long-standing consideration by the Ministry of Power and the Central Electricity Regulatory Commission (CERC), which had earlier evaluated the feasibility of market coupling.

Background and Pilot Initiatives

Back in February 2024, CERC had highlighted the need for data-driven evidence before adopting market coupling. A shadow pilot study was proposed, expected to run for four months. The Grid Controller of India was tasked with completing the technical groundwork for the pilot.

Also Read: IEX Shows Strong Performance in May 2025!

Conclusion

While IEX’s recent share price movement has raised eyebrows, the broader narrative of regulatory reforms like market coupling may play a crucial role in shaping the company’s medium-term outlook. Investors are likely to monitor upcoming consultations and policy decisions closely.

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