The stock price of the Multi Commodity market of India (MCX), the nation’s top commodity derivatives market, surged 8.6% on Friday to hit a remarkable Rs 7046.70 on the Bombay Stock Exchange (BSE). With MCX surpassing Rs 7,000 for the first time in its history, this is a noteworthy milestone. The exchange’s remarkable expansion and solid financial performance over the last few years are reflected in the share price explosion.
MCX, the top commodity derivatives exchange in India, now has over 97% of the commodity futures market for the 2024–2025 fiscal year. With increases of more than 100 percent in the last year, more than 300% in the last three years, and more than 500% in the last five years, the stock has achieved a remarkable growth trajectory.
A vast array of commodities, such as metals, energy, agricultural commodities, bullion, and indexes, are available for trade on the exchange. Its reputation and market power are further enhanced by strategic alliances with national and international trade associations and exchanges, which further support its robust presence.
MCX Q2 FY25 Results
MCX reported a net profit of Rs 153.6 crore for the second quarter of FY24, while the same quarter the previous year had a loss of Rs 19.1 crore. From Rs 165.1 crore in the previous fiscal year to Rs 285.6 crore, the revenue from operations increased by 73%. EBITDA for the quarter was Rs 179.4 crore, with an EBITDA margin of 62.8%, reversing a loss of Rs 28.6 crore from the same period last year.
MCX Share Price Target 2025
UBS kept its ‘BUY’ rating on MCX in its October report, although it increased its price target from Rs 5,000 to Rs 8,000. The shares of MCX have tripled in the past year due to earnings upgrades, the brokerage noted in its statement. The stock has increased by 198% during the past 12 months. The earnings projections for MCX for the fiscal years 2025 and 2026 have increased by 60% and 75%, respectively, it added. However, the price-to-earnings ratio for the company is 40 times that of the fiscal year 2026.
