The stock rallied 10% to Rs 1,181 on the BSE in intra-day trade, extending its 16% surge in past two weeks.
Envisages to develop Mozambican commodity markets ecosystem, which consists of varied products to deliver better value for the stakeholders
A market leader entering the stock markets bodes well for its peers. Shares of MCX, a commodity bourse, have rallied over 10 per cent since the Bombay Stock Exchange and the National Stock Exchange set the ball rolling on their listing plans earlier this month. A similar trend was seen when airline company IndiGo's parent, InterGlobe Aviation, hit the capital markets last year, triggering a big rally in the shares of Jet Airways and SpiceJet. "It takes a market leader to unlock the true potential in terms of valuation," said a market expert.
Had 23% increase in total revenue to Rs 93.8 crore for the quarter ended on June from a year before
The stock rallied 9% to Rs 1,047, its highest level since August 2015 on the BSE.
To launch castor seed and black pepper soon; proposals on various stages of approval
The stock was up 7% to Rs 917 on the BSE in noon deal in otherwise subdued market.
The company's net profit (consolidated) for the year ended FY16 fell to Rs 42.4 cr from Rs 125.4 cr in the year-ago period
A sectoral official says the issue might be resolved, as the indices are yet to commercially used
Surpasses London Metal Exchange in terms of number of contracts traded
Mrugank Paranjpe and Nina Nagpal emerge frontrunners to head the exchange