This Monopoly stock with its operations in Energy trading is in focus after Dalmia Group company Dalmia Cement (Bharat) Limited has sold 51,07,712 shares in the company
With a market capitalisation of Rs. 18,090 Crore, the stock of Indian Energy Exchange opened at Rs. 198.35, around the same level as yesterday’s close, and after opening, it made a high of Rs. 203.25, up 1.14 percent. Additionally, the Yearly return for the stock is 27 percent, and the past 5-year return is an impressive 245 percent.
Stake Sale Update
Dalmia Cement (Bharat) Limited held a total of 3,71,99,532 shares, representing 4.17 percent of the company’s equity. The company sold 51,07,712 shares, and after the sale, it now holds 3,20,91,820 shares. The buyer of the shares has not been disclosed.
Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited, is a prominent Indian cement manufacturer established in 1939 by Shri Jaidayal Dalmia. The company operates 15 manufacturing plants across 10 states and maintains a robust sales network spanning 23 states. Dalmia Cement offers a diverse product portfolio.
Indian Energy Exchange Ltd (IEX) is India’s leading electronic power trading platform, established in 2008 and headquartered in Noida. Regulated by the Central Electricity Regulatory Commission (CERC). EX plays a crucial role in India’s power sector by connecting power producers, traders, and consumers on a transparent platform.
IEX operates a nationwide automated system for trading electricity, renewable energy, and related certificates. The company offers various markets, including Day-Ahead, Term-Ahead, Real-Time, and specialised green energy markets, facilitating efficient electricity trading across the country.
The company reported a 17.35 percent YoY increase in revenue from Rs. 121 Crore in Q4FY24 to Rs. 142 Crore in Q4FY25. On a QoQ basis, the company reported an increase of 7.57 percent in revenue from Rs. 132 Crore in the previous quarter.
Their Net profit saw an increase of 20.61 percent YoY from Rs. 97 Crore to Rs. 117 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 9.34 percent in Net profit from Rs. 107 Crore in the previous quarter.
Written By Abhishek Das
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