MCX spurted 12.58% to Rs 467.30 at 13:13 IST on BSE on the back of high volumes.
Meanwhile, the BSE Sensex was up 221.98 points, or 1.07%, to 20,930.60.
Volumes were high in the MCX counter. On BSE, so far 12.75 lakh shares were traded in the counter, compared with an average volume of 2.31 lakh shares in the past one quarter.
The stock hit a high of Rs 475 and a low of Rs 418 so far during the day. The stock hit a record low of Rs 238.30 on 19 August 2013. The stock hit a 52-week high of Rs 1,537 on 20 December 2012.
The stock had underperformed the market over the past one month till 19 December 2013, sliding 16.18% compared with the Sensex's 0.87% fall. The scrip had also underperformed the market in past one quarter, sliding 3.68% as against Sensex's 0.30% rise.
The small-cap company has an equity capital of Rs 51 crore. Face value per share is Rs 10.
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On Thursday, 19 December 2013, shares of Financial Technologies (India) (FTIL) fell 3.45% to Rs 161.05 and shares of MCX fell 1.48% to Rs 415.10 after commodity market regulator ordered FTIL to sell most of its holding in MCX.
Commodity market regulator Forward Markets Commissions (FMC) on Tuesday, 17 December 2013, said Jignesh Shah and his firm FTIL are not 'fit and proper' to run any exchange in the country.
FMC removed its fit and proper designation for both FTIL and its chief executive, Jignesh Shah - a status needed to operate an exchange in India. The loss of the designation means neither FTIL nor Shah can run MCX.
The regulator said National Spot Exchange's (NSEL) payment troubles made FTIL an unfit operator of commodities exchanges and ordered it to cut its stake of 26% in MCX to less than 2%. It did not prescribe how it should dispose of the holding and did not provide a deadline.
NSEL is a separate commodities exchange owned by FTIL that is under investigation by the police and other regulators after struggling to settle outstanding contracts worth more than Rs 5500 crore.
Meanwhile, on Thursday, 19 December 2013, Euronext N. V. sold 5.65 lakh shares of MCX at Rs 427.02 each on NSE.
As on 30 September 2013, Euronext, which runs leading bourses in the US and Europe, held 4.73% stake or 24.12 lakh shares of MCX.
On Wednesday, 18 December 2013, MCX announced that FMC has approved Blackstone GPV Capital partners (Mauritius) VI FII to increase its stake in MCX upto 4.99% through secondary market transaction.
As on 30 September 2013, Blackstone GPV Capital Partners Mauritius VI FII held 10.19 lakh shares, or 2% stake, in MCX.
MCX's net profit fell 66.8% to Rs 27.05 crore on 38% decline in net sales to Rs 81.23 crore in Q2 September 2013 over Q2 September 2012.
MCX is a dominant player in commodity exchanges in India. Its market share stood at 89% in the first half of the fiscal year ending March 2014.
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