{"id":108992,"date":"2023-09-05T15:41:05","date_gmt":"2023-09-05T10:11:05","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108992"},"modified":"2023-09-05T16:57:23","modified_gmt":"2023-09-05T11:27:23","slug":"monopoly-stock-jumps-up-to-3-5-after-energy-consumption-rises-in-august","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/monopoly-stock-jumps-up-to-3-5-after-energy-consumption-rises-in-august\/","title":{"rendered":"Monopoly stock jumps up to 3.5% after energy consumption rises in August"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3315428871\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This energy stock surged 3.5% after an increase in total electricity volume. This August, the country recorded an all- time high peak demand of 236 GW with a highest single day consumption of 5126 MU on August 31.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1839267297\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of IEX Limited opened at Rs. 141.10 per share and gained 3.5% to reach its intra- day high of Rs. 141.90 per piece. The stock gained 8.04% in the last month. In the last three years, the stock has grown by 114.39%.<\/p><p>In a recent filing the company reported an increase in total electricity consumption and prices. Total electricity volume for August 2023 is at 8469 MU which is an increase of 21% on YoY basis. The market clearing price for IEX stands at Rs. 6.89 per unit which has risen by 33% on an annual basis. <\/p><p>Recently, the Central Electricity Regulatory Commission announced its plans to initiate market coupling of various electricity exchanges. This meant IEX might lose its monopoly power over the energy market. In a span of one week in June 2023, its stock lost more than 15%. <\/p><div class=\"trade-content_5\" id=\"trade-3256030838\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per Q1 FY24, IEX has 83.7% in overall electricity market share and still acts as the monopoly in the energy market. The stock started gaining positive momentum in the first week of September 2023.<\/p><p>The company has a market capitalization of Rs. 12,220 crore. Comparing their financials on a QoQ basis, they made a revenue of Rs. 104.04 crore in Q1FY24 which is a fall of 2.79% from Rs. 107.03 crore in the last quarter. The net profit for Q1FY24 is Rs. 75.83 crore which is a decrease of 14.16% from Rs. 88.34 crore in the last quarter. The net profit margin for the last quarter was 77.36% which decreased to 71.33% for the current one.<\/p><p>Indian Energy Exchange Limited serves as an online marketplace for a variety of power suppliers, including state electricity boards, open access customers, power dealers, and power producers. In essence, it enables participants to trade power and energy-related contracts.<\/p><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-194516675\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This energy stock surged 3.5% after an increase in total electricity volume. This August, the country recorded an all- time high peak demand of 236 GW with a highest single day consumption of 5126 MU on August 31. Share price of IEX Limited opened at Rs. 141.10 per share and gained 3.5% to reach its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39610,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-108992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Monopoly stock jumps up to 3.5% after energy consumption rises in August - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This energy stock surged 3.5% after an increase in total electricity volume. 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