IEX Plunges 15% on Pricing Shakeup

  Published 11 months ago

IEX shares drop 15% as upcoming market coupling reforms threaten its dominance in India’s electricity price discovery market.

  • New model from January allows rival exchanges to set prices, ending IEX’s central role in spot electricity trading.
  • Bernstein slashes IEX target price to ₹122, warns of significant market share loss under new competitive regime.
  • Stock logs worst single-day fall since 2017 listing, now down seven straight sessions despite "buy" consensus.

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