Everything Investors Must Know About Indian Energy Exchange’s Stock Surge Today

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Everything Investors Must Know About Indian Energy Exchange’s Stock Surge Today
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of the Indian Energy Exchange Ltd (NS: IIAN ) (IEX) zoomed almost 7% to Rs 260 apiece at 12:05 pm on Friday, after surging almost 15% in the early trade session, as traders indulged into heavy purchases of the stock ahead of its record date on December 6, 2021.

The company’s board approved issuing bonus shares in the ratio 2:1, where each shareholder will get 2 bonus shares for every 1 share they hold. 

The energy stock has been trading ex-bonus issue in Friday’s session, as its record date is set for Monday. Investors buying shares of the stock today must note that the bonus issued shares will be credited in their Demat accounts only by Tuesday. 

For the September-ended quarter, the investors’ stake in the stock has surged 19.2% from 9.2% for the same period last year.

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  • Sreenath Babu @Sreenath Babu
    I have 158 shares since 2 months. on 3rd dec my amount shows 1/3rd of total invested.till now does not add any extra shares to me. Now what will I do?
    Like 1
  • jabair ali @jabair ali
    if we buy today.eligible to get bonus shares?
    Like 7
    • Manoj Kosuru @Manoj Kosuru
      no
      Like 1
    • Manoj Kosuru @Manoj Kosuru
      no
      Like 0
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  • Mi So @Mi So
    Considering the EV drive & urbanization in India, energy requirements are going to sky rocket once pandemic settles down. Considering the population to energy production issue energy companies will have bull run of next 10 years until alternative energy generation technology stabilizes.
    Like 7

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