CALCULATE YOUR SIP RETURNS

MCX Share Price Hits All-Time High

Updated on: Dec 6, 2024, 4:50 PM IST
MCX shares hit an all-time high of ₹7,048 on December 6, 2024, ending the session up over 6%. Recording its sharpest single-day rise in over 6 month
MCX Share Price Hits All-Time High
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The Multi Commodity Exchange of India Limited (MCX) is a premier commodity derivatives exchange, providing a platform for online trading, price discovery, and risk management. Established in November 2003, MCX operates under the regulatory framework of SEBI, offering trading in various commodity derivatives, including bullion, industrial metals, energy, agricultural commodities, and indices.

Key Features of MCX

  1. Innovative Offerings:
    • India’s first exchange to introduce commodity options and futures contracts on bullion, base metals, and energy indices.
  2. Neutral and Transparent Trading:
    • Facilitates secure and transparent trade mechanisms, adhering to regulatory quality standards.
  3. Extensive National Reach:
    • 544 registered members and 35,096 authorised persons as of September 30, 2024.

Stock Performance: All-Time High on December 6, 2024

On December 6, 2024, MCX’s share price surged past ₹7,000 on the NSE, marking a new milestone with an intraday high of ₹7,048. Although the stock retreated slightly during the closing session, it ended with a robust gain of over 6%, recording its sharpest single-day rise in over 6 month.

Financial Metrics Q2FY25

  1. Operating Revenue:
    • ₹285.58 crore (up 73% YoY from ₹165.11 crore).
  2. Total Revenue:
    • ₹310.82 crore (up 69% YoY from ₹184.02 crore).
  3. EBITDA:
    • ₹204.68 crore, a sharp turnaround from a loss of ₹9.79 crore in Q2 FY24.
  4. Profit After Tax (PAT):
    • ₹153.62 crore, compared to a loss of ₹19.07 crore in Q2 FY24.

Trading Volume Highlights

  1. Average Daily Turnover (ADT) in Futures:
    • ₹26,941 crore (up 44% YoY from ₹18,763 crore).
  2. ADT in Options:
    • ₹1,93,309 crore (up 125% YoY from ₹85,873 crore).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 6, 2024, 4:50 PM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers