The shares of Multi Commodity Exchange (MCX) crossed the ₹10,000 mark for the first time today, marking an all-time high. The stock has shown consistent gains for the third consecutive day, rising nearly 5% during the session.
All-Time High Performance
On the BSE, MCX shares surged over 3% to ₹10,247, reflecting growing investor interest. The stock has witnessed significant trading activity this week, with nearly 200,000 shares changing hands in the morning session alone. On Tuesday, 300,000 shares were traded, bringing the total volume over two days close to the monthly average of 500,000 shares.
Analyst Outlook and Target Price
Earlier this month, UBS raised its target price for MCX to ₹12,000 per share, implying a potential upside of over 20% from current levels. The company reported a robust 28.54% year-on-year growth in its Q2 FY26 profit, posting ₹197.47 crore compared to ₹153.62 crore in the same quarter last year.
Market Capitalization and Year-to-Date Performance
MCX shares closed at ₹9,871.65 in the previous session and opened at ₹9,875.25 today. The stock has appreciated nearly 60% so far this year, a remarkable performance by any standard. MCX’s market capitalization now stands at approximately ₹52,000 crore, with a 52-week low of ₹4,410.10.
With strong quarterly performance and growing investor confidence, MCX appears well-positioned for further gains in the near term.
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