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INSIGHTS
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has buy call on Multi Commodity Exchange of India with a target price of Rs 1700. The current market price of Multi Commodity Exchange of India Ltd. is Rs 1596.1.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8062.33 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 125.67 Crore, down -8.62 % from last quarter Total Income of Rs 137.52 Crore and up 11.47 % from last year same quarter Total Income of Rs 112.74 Crore. Company reported net profit after tax of Rs 71.73 Crore in latest quarter.
Investment Rationale
has formed a strong base around Rs 1,500. It has broken the upper end of the channel, indicating that a firm up move towards Rs 1,700 cannot be ignored.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 38.8 per cent, DIIs 38.7 per cent and public and others 22.5 per cent.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8062.33 Crore) operating in Financial Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 125.67 Crore, down -8.62 % from last quarter Total Income of Rs 137.52 Crore and up 11.47 % from last year same quarter Total Income of Rs 112.74 Crore. Company reported net profit after tax of Rs 71.73 Crore in latest quarter.
Investment Rationale
has formed a strong base around Rs 1,500. It has broken the upper end of the channel, indicating that a firm up move towards Rs 1,700 cannot be ignored.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 38.8 per cent, DIIs 38.7 per cent and public and others 22.5 per cent.
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