Multi Commodity Exchange Of India is currently trading at Rs. 1687.05, up by 12.50 points or 0.75% from its previous closing of Rs. 1674.55 on the BSE.
The scrip opened at Rs. 1680.00 and has touched a high and low of Rs. 1714.25 and Rs. 1680.00 respectively. So far 3209 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1875.00 on 26-Oct-2020 and a 52 week low of Rs. 805.05 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1875.00 and Rs. 1665.05 respectively. The current market cap of the company is Rs. 8539.93 crore.
The Institutions and Non-Institutions held 77.98% and 22.02% stake respectively in the company.
Multi Commodity Exchange of India (MCX) has entered into a licensing agreement with Indian Energy Exchange (IEX) to launch Electricity derivatives. The derivatives will be linked to IEX spot electricity prices on MCX trading platform. The agreement is subject to necessary approvals from the central government and the concerned regulators. This shall lay the groundwork for a vibrant electricity derivatives market in the country.
The launch of electricity derivatives shall provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins. The launch of electricity derivatives will provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins. With this, India will also join a select group of developed countries which offer electricity derivatives on an exchange platform.
MCX, the leading commodity bourse, largely offers futures trading in nonagricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 815.95 |
| Angel One | 323.35 |
| IIFL Capital Service | 313.40 |
| Nuvama Wealth | 1403.20 |
| Share India Sec. | 147.05 |
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