Most analysts expect IEX to dominate market share in the near future. (Photo: Reuters)Shares of the Indian Energy Exchange (IEX) surged sharply during Friday’s early session on the Bombay Stock Exchange (BSE). IEX shares hit the 10 per cent upper circuit level earlier in the day following an announcement on Thursday by its board. It may be noted that bonus shares are fully paid additional shares issued by a company to pre-existing shareholders. IEX dominates with a market share of nearly 95 per cent in the power exchange market.

Source: Mint October 22, 2021 09:46 UTC