Indian Energy Exchange in focus as market coupling takes two years

Market pulse

From the investor's mind

Tanfac Industries transformed from a company delivering almost no returns for nearly 20 years into a 10x multibagger stock in just about four years. The critical catalyst behind this turnaround was a change in management, which occurred when specialty chemical manufacturer Anupam Rasayan acquired a stake in the company. Following this transition, Tanfac experienced a structural shift in its performance, with revenue growing at a compound annual growth rate of approximately 37 percent. Investor Shashank Udupa points out that this turnaround demonstrates how a shift in management can serve as the single biggest catalyst to unlock value and completely alter a business's growth trajectory.

Word in the street

Indian Energy Exchange Limited

Indian Energy Exchange Limited, which has a market capitalization of about 10,613 crore, has seen its stock fall 15.12 percent over the past year. Yet, investors are actively discussing the company's prospects following its annual general meeting. The chairman and managing director indicated that market coupling could take at least two years from the time regulations are finalized, given the need for logic and software development, hardware audits, and mock drills. Shareholders are also cheering a potential buyback and a special dividend after the listing of IGX, targeted for calendar year 2026, though there was no discussion regarding capping transaction charges.

Yesterday's big moves

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Vijay Kedia