On Wednesday, the shares of India’s first listed exchange gained up to 5 percent after Foreign Institutional Investors bought an additional 4.97 lakh equity shares worth Rs 159.8 crore.
With a market capitalization of Rs 17,538.85 crore, the shares of Multi Commodity Exchange Of India Ltd. were trading in green at Rs 3,433.75 per share, increasing around 7.02 percent as compared to the previous closing price of Rs 3,208.45 apiece.
As of March 2024, WF Asian Smaller Companies Fund holds 21.13 lakh equity shares which is equivalent to 4.14 percent in Multi Commodity Exchange Of India Ltd, moreover, WF Asian Smaller Companies, an FII bought an additional 4.97 lakh equity shares at an average price of Rs 3,2121.43 apiece, total worth Rs 159.8 crore.
Looking into the company’s financial performance, revenue surged 35 percent from Rs 134 crore in Q4FY23 to Rs 181 crore in Q4FY24, during the time frame, the company’s net profit increased drastically by 1,660 percent from Rs 5 crore to Rs 88 crore.
The stock has given a return of 7.29 percent in 6 months and a multi-bagger return of 132 percent in a year. If an individual invested Rs 1 lakh a year ago, it would be worth now Rs 2.32 lakh.
Examining the company’s crucial ratio, return on equity declined from 10.07 percent in FY22-23 to 3.84 percent in FY23-24, while during the same time frame return on capital employed also declined from 9.21 percent to 4.66 percent. In contrast, the net profit margin (NPM) stands at 12.38 percent in fiscal year 22-23.
Multi Commodities Exchange of India Limited offers online commodities futures and options trading, as well as data feed subscriptions and memberships. It provides a trading platform for a wide range of commodity derivative contracts, including bullion, industrial metals, energy, agricultural commodities, and indices.
Written by:- Abhishek Singh
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