Buy Multi Commodity Exchange of India, target Rs 855: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Multi Commodity Exchange of India Ltd. with a target price of Rs 855. The current market price of Multi Commodity Exchange of India Ltd. is Rs 839.2. Time period given by the analyst is Intra Day when Multi Commodity Exchange of India Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 832.

Multi Commodity Exchange of India Ltd., incorporated in 2002, has a market cap of Rs 4279.78 crore.
Multi Commodity Exchange of India Ltd. key Products/Revenue Segments include Fees & Other Charges which contributed Rs 243.62 Crore to Sales Value (93.75 % of Total Sales) and Other Operating Revenue which contributed Rs 16.22 Crore to Sales Value (6.24 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 79.14 Crore, up 2.87 % from last quarter Sales of Rs 76.93 Crore and up 12.13 % from last year same quarter Sales of Rs 70.58 Crore Company has reported net profit after tax of Rs 60.74 Crore in latest quarter. The company’s top management includes Mr.Amit Goela, Mr.Basant Seth, Mr.Chengalath Jayaram, Mr.Deepali Pant Joshi, Mr.Hemang Raja, Mr.P S Reddy, 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 31-03-2019, the company has a total of 50,998,369 shares outstanding.