IEX share price crashes 28%

The stock of Indian Energy Exchange (IEX) tumbled as much as 28% on Thursday, July 24, after the country's power regulator, Central Electricity Regulatory Commission (CERC), announced that it would roll out market coupling from next year onwards. IEX stock also remains in focus ahead of the announcement of its Q1 results today. IEX share price first hit the 10% lower price band of ₹169.10 on the BSE. But it soon extended losses, first tumbling 15%, then 23%, followed by 26% and now 28% to a low of ₹135.30.