IEX Board to meet on October 21 to consider the proposal for bonus issue

The stock is one of the top-notch performers in the current year. It has jumped nearly 250 per cent on a YTD basis.

I’m sure that every stock market participant would be aware of the stock of Indian Energy Exchange. The stock is one of the top-notch performers in the current year. It has jumped nearly 250 per cent on a YTD basis. Also, on the MTD basis, the stock is up by 23 per cent.   

The announcement was made on October 18 that the board of directors of the company in its meeting scheduled on October 21, 2021 (Thursday) shall inter-alia also consider the proposal for the declaration of bonus issue of equity shares subject to the approval of the shareholders of the company.   

On Monday, the stock closed with modest gains of 0.48 per cent at Rs 796.90 and on an intraday basis, it touched a high of Rs 808.20.   

In line with this announcement, the stock is likely to witness renewed buying interest on Tuesday.