Is MCX Share Price Soaring to a New Lifetime High of Rs 10,139.50?
Synopsis
Key Takeaways
- MCX shares hit a record high of Rs 10,139.50.
- Stock has increased 3.21 percent in a day.
- Performance extended to three consecutive days.
- Company reported a 51 percent year-on-year profit increase.
- Trading systems are stable post-technical glitch.
Mumbai, Nov 26 (NationPress) MCX shares experienced a remarkable increase of 3.21 percent on Wednesday, reaching an unprecedented high of Rs 10,139.50 per share. This marks the first occasion the stock has surpassed the Rs 10,000 threshold since it entered the market.
This impressive rise has also prolonged the stock's winning streak to three consecutive sessions.
The commodity exchange and data platform company has successfully eclipsed its previous record high of Rs 9,975, achieved on November 20.
Over the past month, MCX has shown strong performance, climbing 13 percent, while the BSE Sensex has only managed a modest gain of 0.26 percent.
The stock has soared by 130 percent from its 52-week low of Rs 4,410.10, recorded on March 11.
In late October, however, MCX encountered a technical glitch that postponed trading on October 28.
The exchange has since confirmed that it has identified the issue's root cause and implemented corrective measures to prevent future occurrences.
MCX stated that its trading systems are stable and ready to handle increasing market volumes.
In its financial disclosures, MCX reported impressive growth for the first half of FY26, with its consolidated net profit rising 51 percent year-on-year to Rs 400.66 crore from April to September.
Operating revenue surged 44 percent to Rs 747.44 crore during this time, while EBITDA increased 53 percent year-on-year to Rs 544.46 crore.
On a quarterly basis, MCX's revenue remained nearly flat compared to ₹373.21 crore in Q1FY26.
However, net profit dipped by 2.82 percent from Rs 203.19 crore in the previous quarter, as indicated in its regulatory filing.
Meanwhile, Indian share markets opened positively on Wednesday, buoyed by strong global cues.
The Sensex climbed 260 points, or 0.31 percent, to 84,847, while the Nifty increased 88 points, or 0.34 percent, trading at 25,973 during the early session.