Stock Name : Multi Commodity Exchange
of India Limited (MCX) / Tips Open
Buy : 1,717 Posted Date : Aug 11, 2020
Stopless/Horizon : 1604 Target : 1915 Results Achieved (Yes/No) :

Overview : Multi Commodity Exchange of India Limited (MCX)is an Indian-based electronic commodity exchange company. MCX is a Mid Cap company with a market capital of Rs 8600.36 Crore.

Brief history : Multi Commodity Exchange of India Ltd was originally incorporated as a private limited company named as Multi Commodity Exchange of India Private Limited. Later, the company was converted into a public limited company and changed the name as Multi Commodity Exchange of India Limited on May 16, 2002. In 2012, the company became India’s first listed exchange.

Shareholding Pattern as on June 30, 2020 (Total number of shares- 50998369) :
• Promoter: 0%
• Public Shareholding (Institutions):77.51%
• Public Shareholding (Non-Institutions):22.30%
• Non-Promoter – Non-Public Shareholding (Shares held by Employee Trusts): 0.19%

About the company : MCX offers options trading in gold and futures trading in non-ferrous metals, bullion, energy, and agricultural commodities such as Cardamom, Cotton, Crude Palm Oil, Kapas, Mentha Oil, Castor seed, RBD Palmolien, Black Pepper.

Management : Mr. Saurabh Chandra is the Chairman and Mr. P.S. Reddy is the Managing Director & Chief Executive Officer.

Subsidiary : MCX’s a wholly-owned subsidiaryMulti Commodity Exchange Clearing Corporation Limited (MCXCCL)is the first clearing corporation in the commodity derivatives market. This company provides collateral management and risk management services, along with clearing and settlement of trades executed on the Exchange.

Dividend : For the year ending March 2020 Multi Commodity Exchange of India has declared an equity dividend of 300.00% amounting to Rs 30 per share.

Sales Report : MCX has reported a consolidated sale of Rs 73.01 Crore for the quarter ended 30-06-2020, which is down -30.65 % from last quarter sales of Rs 105.28 Crore and down -8.11 % from last year same quarter sales of Rs 79.45 Crore. MCXhas reported net profit after tax of Rs 56.32 Crore in latest quarter.

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