{"id":111594,"date":"2023-10-11T14:22:22","date_gmt":"2023-10-11T08:52:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111594"},"modified":"2023-10-11T15:21:57","modified_gmt":"2023-10-11T09:51:57","slug":"stock-jumps-up-to-4-after-company-implements-new-commodity-derivative-platform","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-4-after-company-implements-new-commodity-derivative-platform\/","title":{"rendered":"Stock jumps up to 4% after company implements new Commodity Derivative Platform"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-520462001\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small-cap stock gains up to 4% after the implementation of Commodity Derivative Platform. On the same day, the stock reached to a new 52-week high at Rs. 2,183.85. The stock has delivered 48% returns in six months and 66% returns in one year.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2697820963\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Multi Commodity Exchange of India Ltd (MCX) the company has a market capitalisation of Rs. 11,066 Cr making it a small-cap company. On Wednesday the company shares rose up to 4% and currently trading 3.4% up at Rs. 2,170 on BSE.<\/p><p>According to the BSE filing, MCX has vide Circular no: MCX\/TECH\/694\/2023 dated October 10, 2023, informed its members that the exchange proposes to go live with the new Commodity Derivatives Platform with effect from Monday, October 16, 2023.&nbsp;<\/p><p>As per the company filing, total revenues grew by 40.7% from Rs. 118.05 Cr in Q1 FY23 to Rs. 166.21 Cr in Q1 FY24 and the company\u2019s net profit declined by 52% from Rs. 41.4 Cr in Q1 FY23 to Rs. 19.6 Cr in Q1 FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3724482315\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As per the latest shareholding information, DIIs hold 55.06%, FIIs hold 24.84% and the public hold a 20.10% stake in the company.<\/p><p>The Multi Commodity Exchange of India Limited (MCX), India&#8217;s first listed exchange, is a cutting-edge commodity derivatives exchange that supports online commodity derivatives trading, offering a platform for price discovery and risk management. As of 30 June 2023, the Exchange had 556 registered members and 47,573 Authorized Persons, with a presence in around 706 cities and towns across India.<\/p><p><strong>Written by Sheshadri N<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1002838516\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small-cap stock gains up to 4% after the implementation of Commodity Derivative Platform. On the same day, the stock reached to a new 52-week high at Rs. 2,183.85. The stock has delivered 48% returns in six months and 66% returns in one year.&nbsp; Multi Commodity Exchange of India Ltd (MCX) the company has a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":48588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-111594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock jumps up to 4% after company implements new Commodity Derivative Platform - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This small-cap stock gains up to 4% after the implementation of Commodity Derivative Platform. 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