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MCX gains after robust Q1 outcome

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Capital Market
Last Updated : Sep 02 2016 | 12:01 AM IST

Multi Commodity Exchange of India rose 1.14% to Rs 999.45 at 11:12 IST after net profit rose 54.55% to Rs 32.81 crore on 23.13% rise in total income to Rs 93.79 crore in Q1 June 2016 over Q1 June 2015.

The company announced the first quarter results after market hours yesterday, 31 August 2016.

Meanwhile, the S&P BSE Sensex was up 43.27 points or 0.15% at 28,495.44.

On BSE, so far 26,000 shares were traded in the counter as compared with average daily volume of 39,870 shares in the past one quarter. The stock hit a high of Rs 1,019.90 and a low of Rs 996.95 so far during the day. The stock had hit a 52-week high of Rs 1,115.90 on 28 July 2016. The stock had hit a 52-week low of Rs 726 on 12 February 2016. The stock had underperformed the market over the past 30 days till 31 August 2016, falling 3.35% compared with Sensex's 1.68% rise. The scrip had also underperformed the market in past one quarter, rising 0.49% as against Sensex's 5.99% rise.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of India (MCX)'s earnings before interest, taxation, depreciation and amortization (EBITDA) rose 37% to Rs 52.99 crore in Q1 June 2016 over Q1 June 2015.

MCX is India's first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India.

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First Published: Sep 01 2016 | 11:14 AM IST

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