Trimming early gains, shares of Multi Commodity Exchange of India today ended over 1 per cent higher on bourses, in line with an overall weak stock market.
After surging 5.98 per cent to Rs 720.40 in intra-day trade, the company's stock finally ended at Rs 688.95, up 1.36 per cent, on the BSE.
At the NSE, the scrip rose 1.08 per cent to close the day at Rs 686.
Rakesh Jhunjhunwala had yesterday purchased nearly two per cent stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter FTIL diluted its holding from 26 to 24 per cent.
MCX's erstwhile promoter Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to two per cent stake in the commodity bourse.
Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) for an average price of Rs 664 apiece, data available with stock exchanges showed yesterday. This values the transaction at Rs 66.4 crore.
In the broader market, the benchmark BSE Sensex ended 137.30 points down to 25,444.81.
