Multi Commodity Exchange of India surged 3.97% to Rs 706.70 at 12:29 IST on BSE after Rakesh Jhunjhunwala bought a 1.96% stake in the company from promoter Financial Technologies (India), through a block deal on NSE on Tuesday, 8 July 2014.
Meanwhile, the S&P BSE Sensex was down 99.03 points or 0.39% at 25,483.08.
On BSE, so far 10.10 lakh shares were traded in the counter as against average daily volume of 5.65 lakh shares in the past one quarter.
The stock hit a high of Rs 720.40 and a low of Rs 682 so far during the day. The stock hit a 52-week high of Rs 759 on 23 July 2013. The stock hit a 52-week low of Rs 238.30 on 19 August 2013.
The stock had outperformed the market over the past one month till 8 July 2014, surging 15.22% compared with the Sensex's 0.73% rise. The scrip had also outperformed the market in past one quarter, jumping 32.59% as against Sensex's 14.49% rise.
The mid-cap company has equity capital of Rs 51.01 crore. Face value per share is Rs 10.
Billionaire investor Rakesh Jhunjhunwala bought a 1.96% stake in Multi Commodity Exchange of India (MCX) from its promoter Financial Technologies (India) (FTIL) in a block deal of 10 lakh shares on NSE at Rs 664 per share aggregating to Rs 66.4 crore on Tuesday, 8 July 2014.
Post stake sale, FTIL's stake in MCX has declined to 24%.
MCX's net profit fell 42.9% to Rs 43.75 crore on 50.4% decline in net sales to Rs 59.81 crore in Q4 March 2014 over Q4 March 2013.
MCX is a dominant player in commodity exchanges in India.
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