Shares of Jignesh Shah promoted-Financial Technologies India is continue at its upward march, locked in upper circuit for third day in a row, up 10% at Rs 328 on the Bombay Stock Exchange (BSE).
Till 1515 hours, a combined 10.66 million shares have already changed hands on the counter against an average sub 7 million shares that were traded daily in past two weeks on the BSE and NSE. There are pending buy orders for around 300,000 shares on both the exchanges.
Meanwhile, the stock has rallied nearly 76% in past one week from Rs 186 on January 2, compared to nearly 1% decline in benchmark S&P BSE Sensex.
According to PTI report, the Bombay High Court will hear the petition filed by the Financial Technologies India and its promoter challenging the recent Forward Market Commission (FMC) order today.
On December 17, the commodities market regulator FMC had ruled that both were not fit to run any stock exchange in the country and asked for reducing its shareholding in Multi Commodity Exchange (MCX) from 26% to 2%.
MCX shares on the other hands were down 2% at Rs 587 on the BSE. The stock opened at Rs 597 and touched a low of Rs 572 so far.
Till 1515 hours, a combined 10.66 million shares have already changed hands on the counter against an average sub 7 million shares that were traded daily in past two weeks on the BSE and NSE. There are pending buy orders for around 300,000 shares on both the exchanges.
Meanwhile, the stock has rallied nearly 76% in past one week from Rs 186 on January 2, compared to nearly 1% decline in benchmark S&P BSE Sensex.
According to PTI report, the Bombay High Court will hear the petition filed by the Financial Technologies India and its promoter challenging the recent Forward Market Commission (FMC) order today.
On December 17, the commodities market regulator FMC had ruled that both were not fit to run any stock exchange in the country and asked for reducing its shareholding in Multi Commodity Exchange (MCX) from 26% to 2%.
MCX shares on the other hands were down 2% at Rs 587 on the BSE. The stock opened at Rs 597 and touched a low of Rs 572 so far.