Shares of Jignesh Shah promoted Financial Technologies group companies – Multi Commodity Exchange of India (MCX) and Financial Technologies India (FTIL) surged up to 20% in late noon deals in an otherwise weak market.
FTIL is locked in upper circuit of 20% at Rs 223 with no sellers on the counter. A combined 7.84 million shares changed hands and there are pending buy orders for 343,342 shares on the BSE and NSE at 1430 hours.
MCX too surged 13% to Rs 551 on the BSE. The stock hit a high of Rs 557 and has seen a combined 6.91 million shares changing hands on the counter so far.
On January 2, the board of directors of MCX had appointed and also recommended to Forward Markets Commission (FMC), Dr. Manoj Vaish as Managing Director & CEO of the company for a period of three years from the date of joining subject to approval of FMC," the company said in a release.
According to PTI reports, Universal Commodity Exchange-led consortium had shown interest in buying the promoter FTIL's stake in the crisis-hit MCX and proposed to merge both the bourses.
Yesterday FTIL clarified that as a policy of the company, they do not wish to comment on rumors or any speculative news items; hence refusing to comment on the said news reporting.
FTIL is locked in upper circuit of 20% at Rs 223 with no sellers on the counter. A combined 7.84 million shares changed hands and there are pending buy orders for 343,342 shares on the BSE and NSE at 1430 hours.
MCX too surged 13% to Rs 551 on the BSE. The stock hit a high of Rs 557 and has seen a combined 6.91 million shares changing hands on the counter so far.
On January 2, the board of directors of MCX had appointed and also recommended to Forward Markets Commission (FMC), Dr. Manoj Vaish as Managing Director & CEO of the company for a period of three years from the date of joining subject to approval of FMC," the company said in a release.
According to PTI reports, Universal Commodity Exchange-led consortium had shown interest in buying the promoter FTIL's stake in the crisis-hit MCX and proposed to merge both the bourses.
Yesterday FTIL clarified that as a policy of the company, they do not wish to comment on rumors or any speculative news items; hence refusing to comment on the said news reporting.
