MCX Share Price Hits All-Time High

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.