Indian Energy Exchange advances on rise in monthly volumes

Indian Energy Exchange

06/06/2024 06:04

** Shares of Indian Energy Exchange Ltd  IIAN.NS  rise as
much as 6% to 166.4 rupees
    ** Power trading platform says monthly volumes in May up 29%
y/y
    ** IIAN at highest level since May 21 and second-highest
since Jan. 16
    ** Analysts covering IIAN rate it "hold" on avg, while peers
Multi Commodity Exchange of India  MCEI.NS  and BSE  BSEL.NS 
rated "buy" - LSEG data
    ** Stock trims YTD losses to 2% but trails MCEI's 4% YTD
gain and BSE's 21% growth this year


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))