Stock to watch: MCX
DSIJ Intelligence / 27 Apr 2017
While addressing the media, SEBI's chairman, Ajay Tyagi, said that various measures to deepen the markets are lined up and commodity options is one of the measures.
Multi Commodity Exchange (MCX) can be expected to trade with positive traction after market regulator, Securities and Exchange Board of India announced on Wednesday its approval for introduction of options trading in the commodities market to facilitate integration between the spot and derivatives markets.
While addressing the media, SEBI's chairman, Ajay Tyagi, said that various measures to deepen the markets are lined up and commodity options is one of the measures.
Multi Commodity Exchange (MCX) and the National Commodity Exchange (NCDEX) are the two main nationwide commodity exchanges. MCX is the larger of the two Exchanges. Introduction of commodities options is a definite positive for the counter, and the stock can be expected to react positively to the development.
MCX over a one year period has delivered nearly 40 per cent. The stock is up by almost 2 per cent, trading at Rs 1242 per share.
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