Indika Energy Tbk. vs Merdeka Battery Materials Tbk. — how do they compare? Indika Energy Tbk. trades at Rp2,500 (market cap 12.92T, 30.69M 24h volume), while Merdeka Battery Materials Tbk. trades at Rp510 (market cap 59.4T, 121.29M 24h volume). The key difference: Merdeka Battery Materials Tbk. is far larger — about 4.6× Indika Energy Tbk.'s market cap, and Merdeka Battery Materials Tbk. is more actively traded (121.29M versus 30.69M). Which is the better fit depends on your goals.
| INDY | MBMA | |
|---|---|---|
Market Cap | 12.92T | 59.4T |
Volume | 30.69M | 121.29M |
Lot | 306.93K | 1.21M |
Turnover | 77.43B | 63.44B |
Average Price | 2,522.66 | 523.02 |
Value | 77.43B | 63.44B |
Indicative Equilibrium Price | 2,500 | 510 |
Indicative Equilibrium Volume | 5.29K | 35.65K |
Trailing returns across standard periods
Latest headlines on both assets
Indika Energy, PT (the company) was established under its original name of Dipta Diwangkara on Oct 19, 2000 then changed to PT Indika Energy based on Notaries Deed dated Aug 13, 2004.The Company’s articles of association has been amended several times, most recently by notarial deed No. 115 of Sutjipto, S.H., dated Feb 25, 2008, concerning among others, the change in par value, the Company’s name, and public offering.
Read more on INDY →PT Merdeka Battery Materials Tbk (formerly PT Hamparan Logistik Nusantara) (the “Company”) was established based on Notarial Deed No. 66 of Darmawan Tjoa, S.H., S.E., Notary in Jakarta, dated 20 August 2019. The Company’s immediate parent entity is PT Merdeka Energi Nusantara (formerlyPT Batutua Tambang Abadi) (“MEN”) and its ultimate parent entity is PT Merdeka Copper Gold Tbk (“MDKA”), a company incorporated in Indonesia and listed on the Indonesian Stock Exchange (“IDX”).
Read more on MBMA →