IEX Shares Surge on Market Coupling Hopes

The Indian Energy Exchange (IEX) is a company that helps buy and sell electricity.

Recently, its shares went up by a lot because people think a court might help them with a new rule.

This rule, called market coupling, is about how electricity prices are decided.

Right now, IEX is the biggest player in this market, but the new rule might change that.

The court is looking at this rule, and some people think the court might not like how the rule was made.

IEX says the rule is not fair and should be stopped.

Meanwhile, IEX's associate company, Indian Gas Exchange (IGX), is planning to go public by December 2026 to raise more money.

IGX is also doing well, with more gas being traded and higher profits compared to last year.

The court's decision and the IPO plans could be important for how electricity and gas are bought and sold in the future.