MCX rose 2.04% to Rs 604.45 at 11:55 IST on BSE, extending Tuesday's 3.66% rise triggered by Blackstone on Monday, 6 January 2014, acquiring 2.79% stake in MCX for around Rs 81 crore on BSE.
Meanwhile, the BSE Sensex was up 58.96 points, or 0.28%, to 20,752.20.
On BSE, so far 11.86 lakh shares were traded in the counter, compared with an average volume of 4.57 lakh shares in the past one quarter.
The stock hit a high of Rs 621.55 and a low of Rs 598 so far during the day. The stock hit a 52-week high of Rs 1,450 on 9 January 2013. The stock hit a record low of Rs 238.30 on 19 August 2013.
Shares of MCX rose 3.66% to Rs 592.35 on Tuesday, 7 January 2014. The stock has risen 5.77% in two sessions from Rs 571.45 on Monday, 6 January 2014. The stock had outperformed the market over the past one month till 7 January 2014, rising 31.47% compared with the Sensex's 1.44% fall. The scrip had also outperformed the market in past one quarter, rising 45.77% as against Sensex's 4.01% rise.
The small-cap company has an equity capital of Rs 51 crore. Face value per share is Rs 10.
As per the stock exchange data, Blackstone GPV Capital Partners (Mauritius) VI FII acquired 14.22 lakh shares, or 2.79% stake, in MCX at Rs 573 each from Merrill Lynch Holdings (Mauritius).
Last month, Forward Markets Commission (FMC) approved Blackstone GPV Capital partners (Mauritius) VI FII to increase its stake in MCX upto 4.99% through secondary market transaction.
As on 30 September 2013, Blackstone GPV Capital Partners Mauritius VI FII held 10.19 lakh shares, or 2% stake, while Merrill Lynch Holdings (Mauritius) held 14.22 lakh equity shares, or 2.79% stake, in MCX.
MCX's net profit fell 66.8% to Rs 27.05 crore on 38% decline in net sales to Rs 81.23 crore in Q2 September 2013 over Q2 September 2012.
MCX is a dominant player in commodity exchanges in India. Its market share stood at 89% in the first half of the fiscal year ending 31 March 2014.
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