IEX’s electrifying run
The rapid increase in valuation of the energy exchange mirrors the changes in the power sector and offers a preview to its own future.
With stock indices breaking records every week and millions of new investors queuing up to trade on exchanges, you’d expect an equity bourse to be the most valuable listed exchange in the country today. That, however, isn’t the case. Instead it’s the Indian Energy Exchange, or IEX, which takes the podium.
The electricity trading platform, whose stock has witnessed a more than 4x increase in value in just the last year alone, is leagues ahead of the likes of stock exchange BSE and commodities trading platform Multi Commodity Exchange of India in terms of valuation. (A caveat: The National Stock …
Author
T SurendarSurendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai