MCX share price hits lifetime high, climbs to ₹10,000 peak for first time in listing history

MCX share price rises 3.21% to hit lifetime high, climbs to ₹10,139.50 apiece for the first time since listing in Wednesday's trading session. The stock has been extending gains for the third-time in a row.

The commodity exchange and data platform company’s stock has broken past its earlier peak of ₹9,975, last recorded on November 20, 2025.

Over the past month, MCX shares have significantly outperformed the broader market, climbing 13% versus the BSE Sensex’s modest 0.26% gain. The stock has also skyrocketed 130% from its 52-week low of ₹4,410.10, reached on March 11, 2025.

The exchange recently experienced a technical glitch on October 28 that delayed the start of trading. However, it has since identified the root cause and implemented measures to ensure it doesn’t happen again.

“The company has taken steps to address the constraints to prevent similar issues in the future. The trading systems have not had issues. Exchange systems are well positioned to support market volumes and growth,” the company said in a release.

MCX Q2 results 2025

During the first half of FY26 (April–September), MCX posted a 51% year-on-year increase in consolidated net profit, reaching ₹400.66 crore.

Operating revenue rose 44% to ₹747.44 crore compared with H1FY25. EBITDA also grew by 53% year-on-year, standing at ₹544.46 crore.

MCX posted nearly unchanged revenue compared to ₹373.21 crore in Q1FY26, while its net profit fell 2.82% from ₹203.19 crore in the preceding quarter.

“Our continued growth across product segments and strong participation reflect the confidence that market participants have in MCX’s transparent market ecosystem. We remain committed to expanding our product offerings and deepening market penetration, further strengthening our role as the preferred destination for commodity derivatives trading in India," said Praveena Rai, Managing Director & CEO, MCX, on Q2 results FY26.

Should you buy or sell?

Brokerage firm Motilal Oswal Financial Services has given ‘neutral’ rating to the MCX stock, with a target price of ₹10,700.

"MCX introduced several new products, including Silver (30kg) and Silver Mini (5kg) monthly expiry contracts, Cardamom Futures, and Nickel Futures, and Options on the MCX iCOMDEX Bullion Index (MCX BULLDEX), covering both Gold and Silver. These launches have witnessed healthy traction, and management indicated that the product pipeline remains robust with necessary regulatory approvals already in place," the brokerage firm said.

Meanwhile, Anshul Jain, Head of Research, Lakshmishree, believes that MCX broke out last month from a three-month mini coil, and December is showing a clean follow-through move above the key ₹9,000 breakout zone.

“The price action remains strong, with immediate resistance placed near ₹10,500, which is the first hurdle before the stock attempts a move toward the broader target of ₹12,000. Volumes through the pattern have been ideal — steady, supportive, and without signs of distribution — reinforcing the credibility of the breakout. The structure continues to favor the bulls, and as long as the stock holds above the breakout zone, the trend remains firmly upward with room for extension,” Jain said.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.