IEX had 12.77 crore shares traded on Thursday, which is higher than the 11.13 crore shares that have been traded cumulatively in July so far.
IEX shares worth ₹1,740 crore changed hands on Thursday and more than 43.75% of the total number of shares traded on the NSE, were marked for delivery.Interestingly, volume activity in IEX had begun to heighten ahead of the announcement on Wednesday evening. The three sessions prior to Thursday, saw volumes of 78 lakh, 97 lakh and 92 lakh respectively, compared to the average volume of the 10 prior sessions, which stood at 61 lakh.
Thursday’s drop was also the biggest on record for IEX, with the stock declining to a 52-week low.IEX reported its quarterly results as well after market hours on Thursday, where revenue went up by 14.7% from last year, while earnings before tax grew by 16%.
In response to the market coupling norms, the company said that it is currently undertaking a detailed impact assessment of the implications of this regulatory change and will keep the stakeholders informed of any further developments.
The management of IEX will be speaking to CNBC-TV18 on all of these aspects at 9:50 AM on Friday.
Shares of IEX continue to remain in the F&O ban, which means no new positions can be created in the stock.
Also Read: IEX Share Price Crash: Retail shareholding has dropped for five straight quarters but MFs keep buying
