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ICICI Securities has buy call on MCX with a target price of Rs 1746. The current market price of Multi Commodity Exchange of India is Rs 1596.1.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8154.38 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 125.67 Crore, down -8.62 % from last quarter Total Income of Rs 137.52 Crore and up 11.47 % from last year same quarter Total Income of Rs 112.74 Crore. Company reported net profit after tax of Rs 71.73 Crore in latest quarter.
Financials stocks were trading in the positive zone, with the S&P BSE Finance index rising 110.5 points or 1.53% at 7321.25 at 09:49 IST. Among the components of the S&P BSE Finance index, Geojit Financial Services Ltd (up 7.81%), PNB Gilts Ltd (up 7.25%),Tourism Finance Corporation of India Ltd (up 6.98%),Dolat Investments Ltd (up 4.34%),Aditya Birla Capital Ltd (up 4.2%), were the top gainers. Among the other gainers were Multi Commodity Exchange of India Ltd (up 3.62%), Motilal Oswal Financial Services Ltd (up 3.52%), Shriram City Union Finance Ltd (up 3.43%), RBL Bank Ltd (up 3.3%), and Aditya Birla Money Ltd (up 2.89%). On the other hand, Angel Broking Ltd (down 4.06%), AU Small Finance Bank Ltd (down 1.63%), and Reliance Capital Ltd (down 1.49%) moved lower.
Read more about Financials shares fall on Business Standard. Financials stocks were trading in the negative zone, with the S&P BSE Finance index falling 156.26 points or 2.09% at 7313.76 at 13:49 IST.
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NEW DELHI: Ace investor Rakesh Jhunjhunwala further increased his stake in metals and energy commodity trading platform Multi Commodity Exchange (MCX) in the March quarter.
Jhunjhunwala, also known as the Big Bull on Dalal Street, bought 5 lakh shares of MCX in the three-month period ended March 31, taking his stake in the bourse to 4.90 per cent from 3.92 per cent, shareholding data shows.
At the last closing price, his stake is now valued at Rs 367.25 crore. This includes Rs 73.45 crore worth of shares that he bought in the fourth quarter of last fiscal year.
MCX shares climbed nearly 2 per cent on Friday following the disclosure. At 12:10, the stock was trading at Rs 1,499.15 on BSE.
Findoc Commodities recognised by NCDEX with Krishi Award 2021 ANI | Updated: Apr 05, 2021 14:13 IST
New Delhi/ Ludhiana (Punjab) [India], April 5 (ANI/NewsVoir): National Commodity & Derivatives Exchange Limited (NCDEX), the only commodity exchange in the country promoted by national level institutions, has awarded Findoc Commodities with Krishi Pragati Awards 2021.
Findoc commodities focus primarily on derivatives and commodities trading in Agri Commodities contracts. The exchange works closely with the Government of India on various aspects of the ecosystem around agriculture and farmers. NCDEX has acknowledged the outstanding contribution made by the company in the area of Agri Commodities.
Speaking on the awards, Hemant Sood, Managing Director, Findoc Group said, We are elated to be recognised by one of the most important commodity exchanges in the country. Agriculture is one of the most important sectors in the country and consumers sh