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 8350.73 Crore) operating in Financial Services sector.
Multi Commodity Exchange of India Ltd. key Products/Revenue Segments include Fees & Other Charges and Other Operating Revenue for the year ending 31-Mar-2021.
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
The stock has resumed an uptrend after breaking out of a narrow consolidation phase on good volumes. Technical indicator RSI has turned upwards after taking support at the 50 level, suggesting strength in the stock.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 39.3 per cent, DIIs 36.7 per cent and public and others 24 per cent.
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