IEX shares slide 9% as market coupling fears continue to drag, brokerages cut targets

Indian Energy Exchange (IEX) shares tumbled nearly 9% after renewed selling pressure over market coupling fears—a regulatory change that threatens its dominance. This follows a brief rally on strong Q1 results. Brokerages slashed targets, citing margin pressure and market share erosion. Analysts warn that IEX's monopoly may be ending as competition rises and pricing power fades.