The total size of buyback is Rs 69 crore, the company said. The announcement was made during trading hours today, 20 December 2018.

Meanwhile, the S&P BSE Sensex was down 101.76 points, or 0.28% to 36,382.57.

On the BSE, 79,000 shares were traded in the counter so far compared with average daily volumes of 7,832 shares in the past two weeks. The stock had hit a high of Rs 170.95 and a low of Rs 164.10 so far during the day. The stock hit a 52-week high of Rs 178 on 9 November 2018. The stock hit a 52-week low of Rs 140.50 on 7 March 2018.

Indian Energy Exchange's net profit rose 30.65% to Rs 42.67 crore on 23.13% rise in total income to Rs 75.22 crore in Q2 September 2018 over Q2 September 2017.

Indian Energy Exchange is a professionally managed company and is the largest exchange for trading of range of electricity contracts in India.