Gautam Chhaochharia positive on MCX India

Gautam Chhaochharia, Head of India Research at UBS Securities told CNBC-TV18, "We remain positive on Multi Commodity Exchange of India primarily because of valuation support. The potential of the business still remains intact in a growing market like India."

At 11:00 hrs Multi Commodity Exchange of India was quoting at Rs 545.60, up Rs 4.85, or 0.90 percent.

The share touched its 52-week high Rs 1,431 and 52-week low Rs 238.30 on 31 January, 2013 and 19 August, 2013, respectively.