MCX hit a lower circuit limit of 5% at Rs 382.05 at 14:14 IST on BSE after index provider MSCI excluded the stock from its small cap indices.
Meanwhile, the BSE Sensex was down 259.26 points, or 1.31%, to 19,468.01.
On BSE, 91,000 shares were traded in the counter compared with average volume of 1.95 lakh shares in the past one quarter.
The stock hit a high of Rs 400 and a low of Rs 382.05 so far during the day. The stock hit a 52-week low of Rs 238.30 on 19 August 2013. The stock hit a record high of Rs 1,617 on 13 November 2012.
The stock had underperformed the market over the past one month till 27 September 2013, sliding 24.81% compared with the Sensex's 9.79% rise. The scrip had, however, underperformed the market in past one quarter, falling 46.82% as against Sensex's 4.51% rise.
The small-cap company has an equity capital of Rs 51 crore. Face value per share is Rs 10.
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MCX shares will be deleted from the MSCI global small cap indices effective on Wednesday, 2 October 2013, MSCI said in a statement late on Friday, 27 September 2013.
MSCI Barra is a leading provider of benchmark indices and risk management analytics products. Many global mutual funds are linked with MSCI indices. Hence, deletion of a stock from the MSCI index leads to outflow of passive funds that use the MSCI index to benchmark their portfolios.
MCX's net profit fell 7.14% to Rs 60.12 crore on 3.02% increase in total income to Rs 151.35 crore in Q1 June 2013 over Q1 June 2012.
MCX is a dominant player in commodity exchanges in India.
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