Time period given by analyst is Intra Day when Multi Commodity Exchange of India Ltd. price can reach defined target.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8123.53 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 108.94 Crore, up .44 % from last quarter Total Income of Rs 108.46 Crore and down -11.21 % from last year same quarter Total Income of Rs 122.70 Crore. Company reported net profit after tax of Rs 39.87 Crore in latest quarter.
Investment Rationale
Price volume breakout on daily frame with volume, negated lower top – lower bottom on weekly scale.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 35.7 per cent, DIIs 40.5 per cent and public and others 23.9 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
