MCX Share Price: On Friday, shares of the Multi Commodity Exchange of India (MCX) jumped 8.6% to a new high of Rs 7,046.70 on the Bombay Stock Exchange (BSE). Due to solid financial results and great market performance, the MCX stock has broken the Rs 7,000 milestone for the first time ever.
MCX Stock Analysis:
With a market share of over 97% in commodity futures for FY24 to FY25, the nation’s leading commodity derivatives exchange has experienced a 100% increase in value in the past year. In the last three years, the MCX stock has increased by more than 300%, and in the last five years, it has increased by more than 500%.
For the fiscal years 2024–2025, MCX, the top commodity derivatives exchange in India, currently holds a market share of over 97% in commodity futures. With gains of over 100% in the last year, over 300% in the last three years, and over 500% in the last five years, the MCX stock is showing an amazing growth trajectory.
Bullion, energy, metals, agricultural commodities, and sectoral indexes are just a few of the many commodities that are available for trading on the exchange. Strategic alliances with national and international trade associations and exchanges further support its robust presence, improving its standing and market power.
MCX Share: News Updates & Future Plans:
Global stockbroker UBS increased its target price for MCX shares from Rs 5,000 to Rs 8,000 in October, although it kept its rating at “buy.” UBS praised the company’s strong financial results, which caused earnings projections to be significantly raised.
For FY25 and FY26, the company increased its earnings projections for MCX share by 60% and 75%, respectively. This came about as a result of MCX’s impressive quarterly results and its capacity to maintain growth across important performance indicators.
Investor confidence has been significantly influenced by MCX share financial performance. The business recorded a 22% sequential increase in trade volumes during the quarter that ended in September 2024. Comparing the same period to the June quarter, the net profit increased by 38%.
Continued momentum is indicated by the company’s impressive performance in the first and second quarters of FY25. Its standing as a market leader in commodities trading in India has been established by its capacity to provide steady increases in trading volumes and profitability.
With a market share of over 97% in commodity futures for FY24 to FY25, the nation’s leading commodity derivatives exchange has experienced a 100% increase in value in the past year. In the last three years, the stock has increased by more than 300%, and in the last five years, it has increased by more than 500%.
(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
Authored by – Deepa Trivedi
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