IEX Stock Plunges 4% Amidst Market Coupling Case Hearing at APTEL

• Indian Energy Exchange (IEX) shares fell 4% ahead of a fresh hearing at the Electricity Appellate Tribunal (APTEL) regarding the market coupling case.
• The stock saw choppy moves after CERC counsel stated they wouldn't implement market coupling until proper regulations are in place.
• Power Minister Manohar Lal Khattar affirmed no change in the government's stance on market coupling.
• IEX is challenging CERC's July 2025 directive on day-ahead market coupling, arguing it's arbitrary and would cause market share loss without benefits.
• IEX also alleged insider trading by CERC officials, linking the market coupling directive to a conspiracy that caused a 29% share price drop.

Why It Matters: IEX shares continue to fall as its legal battle against CERC's market coupling directive intensifies at APTEL.