SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Financial Technologies trades jubilantly after MCX-SX gets SEBI’s nod for equity trading

11 Jul 2012 Evaluate

Financial Technologies is currently trading at Rs. 793.15, up by 39.75 points or 5.28% from its previous closing of Rs. 753.40 on the BSE.

The scrip opened at Rs. 771.25 and has touched a high and low of Rs. 824.90 and Rs. 771.25 respectively. So far 350572 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.80 on 17-Feb-2012 and a 52 week low of Rs. 518.10 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 824.90 and Rs. 737.00 respectively. The current market cap of the company is Rs. 3671.54 crore.

The promoters holding in the company stood at 45.69% while Institutions and Non-Institutions held 30.63% and 23.45% respectively.

MCX Stock Exchange (MCX-SX), after a long and tortuous legal battle, has received the approval from the Securities and Exchange Board of India (SEBI) for commencing equity trading business. The MCX-SX will start operations as a full-fledged stock exchange, offering trading in stocks, futures & options (F&O) on stocks and indices, interest rate derivatives and other products.

The SEBI has given the said approval with some conditions that the promoters of MCX-SX bring down their shareholding in the exchange to 5% limit within 18 months, they will also have to reduce their entitlement to equity or rights over equity from instruments like warrants within the 5% shareholding limit within 3 years, and the combined voting rights of the two promoters Financial Technologies India (FTIL) and MCX in MCX-SX will not exceed 5%.

Earlier on July 16, 2010, MCX-SX moved Bombay High Court after it got no response from SEBI on its application. Bombay HC set aside the order passed by whole-time member of SEBI and directed SEBI to consider MCX-SX application on March 14, 2012.

63 Moons Tech. Share Price

663.30 13.00 (2.00%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×