MCX Shares Surge 9% Weekly, Reach Record High Amid Strong Q4 Results
MCX shares jump 9% in a week to hit a fresh record high; rally 166% in one year. What next?
The Economic TimesImage: The Economic Times
Shares of Multi Commodity Exchange of India (MCX) surged over 9% in the past week, hitting a record high of ₹3,315.90. This follows a strong Q4 FY26 performance, with net profit rising 291% year-on-year. Analysts predict potential normalization in trading volumes amid ongoing market volatility.
- 01MCX shares reached a record high of ₹3,315.90 on the NSE.
- 02The stock has rallied 166% over the past year.
- 03Q4 FY26 net profit surged 291% to ₹530 crore.
- 04Gold and silver prices increased following a government import duty hike.
- 05Analysts expect a 10% decline in futures volumes for FY27.
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Shares of Multi Commodity Exchange of India (MCX) experienced a notable increase, rising over 9% in just one week and reaching a record high of ₹3,315.90 on the National Stock Exchange (NSE). This surge is attributed to the company's impressive financial performance in the fourth quarter of FY26, where net profit soared 291% to ₹530 crore, and revenue from operations jumped over 205% to ₹889 crore. The positive investor sentiment was further bolstered by rising prices of gold and silver, following a government decision to increase import duties on these metals to 15%. Despite the strong performance, analysts from Motilal Oswal Financial Services maintain a 'Neutral' rating on MCX shares, setting a target price of ₹2,850, indicating a potential downside of over 11% from the previous closing price. They anticipate a normalization of trading volumes in FY27, with a forecasted 10% decline in futures volumes, while options volumes are expected to grow significantly.
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The surge in MCX shares reflects strong investor confidence, which could influence trading activity in commodities, impacting traders and investors in the sector.
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