Indian Energy Exchange slumps 26%, logs worst intraday pct decline on record

Indian Energy Exchange

24/07/2025 07:21

** Indian Energy Exchange IIAN.NS slumps 26% to 139 rupees, on track for seventh straight session of fall

** Stock logs steepest intraday single-day pct decline on record

** Bernstein says India's plan of overhauling electricity pricing will impact co's market share is "worse" than "what we have built in"

** Brokerage trims TP to 122 rupees from 160 rupees, maintains "market perform" call

** Avg rating of stock "buy", median TP 215 rupees - data compiled by LSEG

** Trading vols 21 mln shares vs 30-day avg of 7.1 mln shares

** YTD stock down 20%

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))