Shares of Jignesh Shah promoted-Financial Technologies India is continue at its upward march, locked in upper circuit for third day in a row, up 10% at Rs 328 on the Bombay Stock Exchange (BSE).
Till 1515 hours, a combined 10.66 million shares have already changed hands on the counter against an average sub 7 million shares that were traded daily in past two weeks on the BSE and NSE. There are pending buy orders for around 300,000 shares on both the exchanges.
Meanwhile, the stock has rallied nearly 76% in past one week from Rs 186 on January 2, compared to nearly 1% decline in benchmark S&P BSE Sensex.
According to PTI report, the Bombay High Court will hear the petition filed by the Financial Technologies India and its promoter challenging the recent Forward Market Commission (FMC) order today.
On December 17, the commodities market regulator FMC had ruled that both were not fit to run any stock exchange in the country and asked for reducing its shareholding in Multi Commodity Exchange (MCX) from 26% to 2%.
MCX shares on the other hands were down 2% at Rs 587 on the BSE. The stock opened at Rs 597 and touched a low of Rs 572 so far.
Till 1515 hours, a combined 10.66 million shares have already changed hands on the counter against an average sub 7 million shares that were traded daily in past two weeks on the BSE and NSE. There are pending buy orders for around 300,000 shares on both the exchanges.
Meanwhile, the stock has rallied nearly 76% in past one week from Rs 186 on January 2, compared to nearly 1% decline in benchmark S&P BSE Sensex.
According to PTI report, the Bombay High Court will hear the petition filed by the Financial Technologies India and its promoter challenging the recent Forward Market Commission (FMC) order today.
On December 17, the commodities market regulator FMC had ruled that both were not fit to run any stock exchange in the country and asked for reducing its shareholding in Multi Commodity Exchange (MCX) from 26% to 2%.
MCX shares on the other hands were down 2% at Rs 587 on the BSE. The stock opened at Rs 597 and touched a low of Rs 572 so far.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%