MCX reports stellar Q1 Profits, Stock Up

The Multi Commodity Exchange of India Limited (MCX) on Tuesday reported 500% approx, rise in net profit at Rs43.70-Crore in the Q1 quarter as against Rs.7.33-Crore for the equivalent quarter a year ago. Accordingly, the Exchange’s total income reportedly increased 30pc to Rs.110.84-Cr in the first quarter (Q1) from Rs.85.43-Cr, on year-on-year basis.

The MCX stock reacted to the developments and touched its intraday high of Rs.882-per share from its previous closing price of Rs 813.95 per share on the NSE and is currently  trading at Rs.866.60 up by 6.46% during mid-market session. In Comparison the Nifty traded higher at 11689.85 up by 27.25 points at 12.50pm.

At the same time, on the BSE the MCX stock made an intra-day high of Rs.881.45 per share  and is currently trading at Rs865.75 per share, up by 6.42% from its previous closing, with Sensex quoting at 39243, up by 112 points in trade.