PTC India Share Price Surges 9% as CERC’s Market Coupling Plan Hits IEX

PTC India share price rallied nearly 9% on Thursday, July 24, after the power sector regulator, CERC, announced its decision to introduce market coupling from January 2026. This major shift in electricity price discovery pushed investors to shift their bets away from Indian Energy Exchange (IEX) and toward PTC India, making it one of the top gainers of the day.

PTC India share price jumped as much as 8.80% to ₹206.90 on the BSE, even as the broader market struggled. Both Sensex and Nifty fell nearly 0.70% each during the session, making this rally more noteworthy.

Why Did PTC India Share Price Rise?

According to news reports, the reason behind this is this: IEX’s loss is PTC India’s gain.

The new rules by the Central Electricity Regulatory Commission (CERC) will reduce IEX’s monopoly in the spot power market. Currently, IEX holds around 85% of the market share. But now, market coupling will create uniform pricing across all exchanges, meaning IEX will no longer control electricity price discovery.

HPX (Hindustan Power Exchange), which is promoted by PTC India, BSE, and ICICI Bank, is expected to benefit from this change. Even a small increase in HPX’s market share can boost PTC India’s valuation, as it is a relatively smaller and more nimble player in the market.

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IEX Share Price Crashes 28%

On the other hand, IEX share price tumbled 28% to hit a low of ₹135.30, as investors feared the end of IEX’s pricing power. As per news reports, the new setup, where Grid Controller of India will handle central price discovery, will reduce IEX’s role and long-term earnings visibility.

Read more: Senores Pharma Share Price Rallies 13% After Strong Q1 Results.

Conclusion

The implementation of market coupling is a game-changer for India’s power trading landscape. While it has hurt IEX, it has opened new opportunities for smaller players like PTC India. As the market adjusts to this shift, investors are advised to keep a close eye on regulatory updates and price movements. With strong technical support and a favorable regulatory tailwind, PTC India could remain in focus in the near term.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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