The stock price of Indian Energy Exchange Ltd. (IEX) rose 20% in intraday trade to a record high at Rs 956, after the company announced that its board will consider issuing bonus shares.

The Board is scheduled to meet on the 21st of Oct for this bonus consideration and on the same day, will also announce the Q2 and H1Fy22 earnings.

IEX is the premier electricity exchange in India, which facilitates electricity trade. IEX commands a market share of around 95% in the power exchange market.