IEX share price: Shares of Indan Energy Exchange (IEX) rebounded sharply on Friday, jumping over 12% in early trade, partially recovering some of the steep losses witnessed in the last trading session, following a strong Q1 performance. IEX share price surged as much as 12.11% to ₹148.50 apiece on the BSE.
On Thursday, July 24, IEX share price had plunged nearly 30%, marking its worst fall and seventh consecutive session of decline. The sell-off in IEX shares was triggered after the Central Electricity Regulatory Commission (CERC) announced the implementation of market coupling from next year.
IEX Q1 Results
Post-market hours on Thursday, IEX reported its financial results for the first quarter of FY26. The company posted a 25% year-on-year (YoY) increase in consolidated net profit to ₹120 crore, compared to ₹96 crore in the same quarter last year.
The company’s revenue in Q1FY26 increased 19% to ₹184.2 crore from ₹154 crore, year-on-year (YoY).
Electricity volumes during the June quarter increased 15% to 32.4 billion units (BU). The exchange said trading of renewable energy certificates (RECs) jumped 149.3% YoY, with 52.7 lakh RECs traded during the quarter.
Supply liquidity in the day-ahead market (DAM) segment increased 45.2% on a YoY basis. As a result, the price in the DAM averaged ₹4.41 per unit, a decline of nearly 16% YoY. Similarly, price in the Real-Time Market averaged ₹3.91 per unit during Q1FY26, a decline of 20% compared to Q1FY25, IEX said.
IEX share price: Technical Outlook
IEX share price has broken below the lower end of its 39-week trading range at ₹158, signalling the start of a potential bearish phase, noted Anshul Jain, Head of Research at Lakshmishree Investments.
“A confirmed weekly close below ₹158 will validate the breakdown and shift the IEX stock into a sell-on-rallies setup. The immediate downside target lies at ₹112, which is a long-standing weekly swing structure support. This level is likely to be tested if selling pressure persists. The breakdown marks a change in trend sentiment, and unless the stock quickly reclaims ₹158, further weakness remains on the cards in the short to medium term,” Jain said.
IEX share price performance
IEX share price has plunged 22% in one month and declined 13% in six months. The stock is down 18% on a year-to-date (YTD) basis, while it has fallen 16% in one year. However, IEX share price is up 20% in two years, and has delivered 153% returns in the past five years.
At 9:35 AM, IEX share price was trading 12.04% higher at ₹148.40 apiece on the BSE.
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