IEX share price took a heavy hit today, plunging nearly 28% and touching ₹135 in Thursday trading. It was one of the steepest falls the stock has seen. Sending IEX share price (Indian Energy Exchange) to a fresh 52-week low and catching many investors off guard.
The sharp drop followed a key regulatory decision. India’s power regulator, the Central Electricity Regulatory Commission (CERC), has officially approved market coupling — a system that changes how electricity prices are set across the country. Instead of individual exchanges like IEX handling price discovery, everything will now go through a central platform run by Grid-India.
This move directly impacts IEX, which has long been the dominant player in the market. With market coupling in place, IEX could lose some control over pricing, and that’s what triggered today’s panic selling. Traders worry the exchange might see lower trading volumes and slimmer profit margins ahead — and that’s why IEX share price today fell so sharply.
Analysts had long warned that market coupling could shake up IEX. Now that it’s here, views are split — some see a bounce back, others fear lasting change. All eyes are on IEX’s first quarter of the financial year’s results today for signs of how the company plans to respond. Investors are hoping for strong numbers — and more importantly, clear guidance on how the company plans to respond to market coupling. That could play a key role in where the stock heads next.
For now, IEX share price today remains under pressure. Until there’s more clarity from the company or the regulators, volatility is likely to continue.
