Hold Multi Commodity Exchange of India, target price Rs 1746: ICICI Securities

ICICI Securities has hold call on Multi Commodity Exchange of India with a target price of Rs 1746. The current market price of Multi Commodity Exchange of India Ltd. is Rs 1575.45.
Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 8050.60 Crore) operating in Financial Services sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 100.90 Crore, down 15.69 % from last quarter Sales of Rs 119.68 Crore and up 13.03 % from last year same quarter Sales of Rs 89.27 Crore Company reported net profit after tax of Rs 71.73 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 38.8 per cent, DIIs 37.4 per cent and public and others 23.8 per cent.