IEX Shares Rebound After Slide Amid Regulatory Changes

Imagine a company called IEX that helps people buy and sell electricity.

Recently, its stock price went way down, but then it jumped back up.

This happened because people thought the drop was a bit too much.

IEX made more money this past quarter than last year.

The government changed some rules about how electricity is bought and sold, which might mean IEX doesn't control as much of the market as before.

These changes are still being figured out, but they could mean big things for IEX and the way electricity is traded in India.