MCX spurts on receiving SEBI-RBI approval for starting currency options

06 Aug 2012 Evaluate

Multi Commodity Exchange of India (MCX) is currently trading at Rs 1084.00, up by 31.10 points or 2.95% from its previous closing of Rs 1052.90 on the BSE.

The scrip opened at Rs 1077.00 and has touched a high and low of Rs 1088.40 and Rs 1067.00 respectively. So far 36000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1426.00 on 09-Mar-2012 and a 52 week low of Rs 838 on 31-May-2012.

Last one week high and low of the scrip stood at Rs 1088.40 and Rs 1005.10 respectively. The current market cap of the company is Rs 5528 crore.

The promoters holding in the company stood at 26% while Institutions and Non-Institutions held 34.01% and 39.91% respectively.

MCX Stock Exchange (MCX-SX) has received market regulator SEBI and RBI approval to launch currency options on its platform. SEBI-RBI approvals come nearly four years after MCX started its currency derivatives trading platform, the only one that it offers currently. These approvals would enable the exchange to expand its offerings in the currency derivatives segment, with the introduction of currency options in the dollar-rupee currency pair. Further towards this development, the exchange has successfully conducted a mock trading session on a Sunday and would soon unveil the date of live trading.

At July-end, MCX had a turnover of about Rs 13,500 crore in the currency derivatives segment, and a market share of 43.6%. Meanwhile, the two other exchanges which offer currency derivatives trading platform are NSE and United Stock Exchange (USE).

Multi Commodity Exchange of India (MCX) has registered a rise of 4.37% in its net profit at Rs 64.74 crore for the quarter under review as compared to Rs 62.03 crore for the same quarter in the previous year. The total revenue of the company has increased by 5.67% at Rs 146.23 crore for Q1FY13 as compared Rs 138.39 crore for the corresponding quarter previous year.

MCX is the leading commodities exchange in India based on value of commodity futures contracts traded.

Multi Commodity Exch Share Price

3628.50 26.35 (0.73%)
31-May-2024 16:01 View Price Chart
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Company Name CMP
ICICI Securities 716.20
Angel One 2498.50
Motilal Oswal Fin 2224.90
Share India Sec. 1513.15
SMC Global Sec. 160.95
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