The share price of Multi Commodity Exchange has surged nearly 4% to reach over Rs 10,000 for the first time in its trading history. The share broke past its past record of Rs 9,975 to hit a new all-time high of Rs 10,250. The company has touched a market capitalisation of more than Rs 52,000 crore. The company’s future growth optimism is supporting the rally in the share price.
MCX: Future growth expectations
Speaking to analysts after the Q2 earnings, MCX MD and CEO, Praveena Rai, said, “We are committed to enhancing our technology infrastructure. We will continue to expand our product suite as well as deepen our market participation. All of this will reinforce MCX’s position as the commodity derivative exchange for India.”
She added that “we have a healthy pipeline of commodities, which we believe, meets the requirements of scale, volatility, need for the Indian market. And this will be something that will start coming into play as our own processes get completed, and then we’ll be able to announce timelines for that.”
Key factors driving spike in stock price
Speaking on the factors fuelling the sudden spike in stock price-
Ajay Kedia, Director of Kedia Commodities, said that the rise in the stock price came after the company’s chief executive officer, Praveena Rai, said that MCX’s new internal goal is clear. It is a system capable of handling 10 billion orders per day.
Overall, the rise in volume year-over-year has raised the stock price, helped by the launches of new products like electricity futures. Plus, there’s a strong outlook for the next year as well, added Kedia.
Another Commodity analyst, Anuj Gupta, Head-Commodity & Currency at HDFC Securities, said that a rise in the contracts of Gold & Silver volumes, crude oil contracts, and metal contracts has added to bullishness of the stock.
He further added that the rise in metal stocks today is also contributing to the performance of MCX shares.
MCX Q2 FY26
MCX posted a consolidated net profit increase of 29% year-over-year to Rs 197.47 crore, compared to Rs 154 reported in Q2 FY25. The exchange’s revenue surged 31% YoY to Rs 374.23 crore in the second quarter of the current financial year, as against Rs 286 crore in Q2 FY25.
The EBITDA rose to Rs 270.19 crore in Q2 FY26, up 32% YoY. Its Average Daily Turnover (ADT) increased to Rs 4.11 lakh crore.
MCX stock performance
The share price of MCX has risen 3.4% in the past five trading sessions. The stock has given a return of almost 10% in the last one month and raised investors’ worth by more than 58% in the previous six months. MCX’s stock price has surged 69% the past one year.