INSUBCONTINENT EXCLUSIVE:
Jay Thakkar of Anand Rathi has a sell call on Multi Commodity Exchange of India Ltd
with a target price of Rs 790
The current market price of Multi Commodity Exchange of India Ltd
Time period given by analyst is Intra Day when Multi Commodity Exchange of India Ltd
price can reach defined target
Jay Thakkar recommended to keep stoploss at Rs 830
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 4182.12 Crore)
operating in Finance sector
Multi Commodity Exchange of India Ltd
key Products/Revenue Segments include Fees Other Charges which contributed Rs 238.60 Crore to Sales Value (91.96 % of Total Sales), Other
Operating Revenue which contributed Rs 18.19 Crore to Sales Value (7.01 % of Total Sales) and Ware Housing Charges which contributed Rs 2.64
Crore to Sales Value (1.01 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 70.58 Crore, up 15.76 % from last quarter Sales of Rs
60.97 Crore and up 12.73 % from last year same quarter Sales of Rs 62.61 Crore Company has reported net profit after tax of Rs 34.15 Crore
The company’s top management includes Dr.M Govinda Rao, Mr.Amit Goela, Mr.Arun Bhargava, Mr.Basant Seth, Mr.Chengalath Jayaram, Mr.Hemang
Raja, Mr.Mrugank Madhukar Paranjape, Mr.Parveen Kumar Singhal, Mr.Prithvi Haldea, Mr.Saurabh Chandra, Mr.Shankar Aggarwal, Ms.Madhu Vadera
Jayakumar, Ms.Padma Raghunathan
Company has Shah Gupta Co
as its auditoRs As on 31-03-2018, the company has a total of 50,998,369 shares outstanding
