MCX shares slip over 3% on profit booking after a sharp 5% rally on strong Q1 results


Shares of Multi Commodity Exchange of India (MCX) fell 3.7% to Rs 7,680 on the BSE on Tuesday as investors booked profits following a strong rally in the previous session. The stock had surged over 5% on Monday after the company reported robust Q1 earnings and announced a stock split.

For the quarter ended June 30, MCX posted impressive financial results. The company’s total income jumped 60% year-on-year (YoY) to Rs 405.82 crore—marking its highest-ever quarterly revenue. Net profit, or profit after tax (PAT), rose sharply by 83% YoY to Rs 203.19 crore, while EBITDA came in at Rs 274.27 crore.


The company’s board approved a stock split in a 1:5 ratio, reducing the face value of shares from Rs 10 to Rs 2. The move, which is subject to shareholder and regulatory approval, is aimed at enhancing liquidity, making the stock more affordable for retail investors, and encouraging wider market participation.

On the operational front, MCX continued to show strong growth. Average daily turnover during the quarter surged 80% YoY to Rs 3.1 lakh crore. This rise was driven by increased participation from institutional investors and MSME hedgers, aided by an expanded range of tradable products.

Stock Price Performance and Technical Indicators

Over the past year, MCX shares have delivered a strong return of nearly 85%, reflecting robust investor confidence and solid business performance. The stock has touched a 52-week high of Rs 9,110 and a low of Rs 4,075 during this period, highlighting significant upward momentum.

Also read: Aditya Infotech shares soar 51% on debut, biggest IPO listing gain of 2025

From a technical perspective, the Relative Strength Index (RSI) on a 14-day basis currently stands at 48.4. The RSI is a momentum indicator that measures the speed and change of price movements—a reading below 30 indicates the stock may be oversold, while a reading above 70 suggests it could be overbought. At current levels, MCX is trading in a neutral zone, indicating neither overbought nor oversold conditions, which could signal consolidation or a potential directional move depending on market cues.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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