Economy

Everything Investors Need to Know About Today’s Stock Surge on the Indian Energy Exchange

Investing.com is an investment-related website. Shares of the Indian Energy Exchange Ltd (NS:IIAN) (IEX) rose over 7% to Rs 260 apiece at 12:05 p.m. on Friday, after surging over 15% in the early trade session, as traders flocked into the company ahead of its record date on December 6, 2021.

The board of directors approved issuing bonus shares in a 2:1 ratio, which means that for every one share owned, each shareholder will receive two bonus shares.

The energy stock was trading ex-bonus issue on Friday, while its record date is set for Monday. Investors who buy the stock today should keep in mind that the bonus shares will only be placed in their Demat accounts on Tuesday.

In the September quarter, investors’ interest in the company climbed to 19.2 percent, up from 9.2 percent the previous quarter.

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