Meanwhile, the BSE Sensex was up 132.85 points, or 0.47%, to 28,288.41

On BSE, so far 56,000 shares were traded in the counter, compared with average daily volume of 84,533 shares in the past one quarter. The stock hit a high of Rs 1,126.95 and low of Rs 1,101 so far during the day. The stock hit a 52-week high of Rs 1,420 on 3 October 2016. The stock hit a 52-week low of Rs 732 on 17 February 2016.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of India (MCX) and Singapore Diamond Investment Exchange (SDiX), the world's first and only commodity exchange trading in physically settled diamonds, announced signing of a Memorandum of Understanding (MoU) for establishing areas of cooperation between the two exchanges. The MoU is intended to facilitate cooperation between the two exchanges in areas such as knowledge sharing and research, standardization of the product for Indian markets and enhancing transparency in pricing, as well as to explore areas for further collaboration between the exchanges.

India is the largest global hub for the cutting and polishing of diamonds, and has several thousand small medium and large enterprises which are involved in the diamond business. Moreover, through this partnership, the exchanges have agreed to work towards the goal of assisting the stakeholders in India's diamond industry by bringing international best practices in price risk management and price discovery through innovative spot and derivative market operations. The move will also foster the development of communication channels for the sharing of information between the exchanges.

Mrugank Paranjape, MD & CEO, MCX said that the MoU will support the mutual interests of MCX and SDiX towards establishing price discovery, enhancing transparency in prices and help the value-chain with a risk management platform, in a commodity like diamond in which India has a significant global presence.

MCX's net profit rose 93.83% to Rs 33.94 crore on 29.07% rise in total income to Rs 99.77 crore in Q3 December 2016 over Q3 December 2015.

MCX is India's first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India. Various commodities across segments are traded on MCX. These include bullion, energy, metals and agri commodities.