# Multi Commodity Exchange Of India (MCX) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mcx

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,528
- Change: +4.81%
- As of: 2026-11-06
- 1D return: +4.81%
- 5D return: +10.64%
- 1M return: +8.37%
- Latest complete quarter: —

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

MCX is trading at ₹3,528.00 on 2026-11-06, marking a near-all-time high with a +4.8% daily gain and an extreme intraday range of +7.2%. The stock is positioned in the upper 96–99% of its 20-, 50-, and 252-day ranges, supported by a bullish Supertrend across daily, weekly, and monthly timeframes. While the monthly trend shows strong conviction (ADX 70.58), the daily trend is developing (ADX 20.99), suggesting short-term momentum may be consolidating after a sharp move. A Morning Star pattern formed on the monthly chart corroborates the broader bullish structure, though recent daily anomalies include a significant volume-backed drop on 2026-11-04 (-5.0%) followed by today’s recovery. Key support levels are clustered at ₹3,522.93 (0.14% below) and ₹3,459.47 (1.94% below). Annualized volatility remains elevated at +40.0%, and the stock has recovered from a maximum drawdown of -28.7%. The setup strengthens if price sustains above the 20-day moving average; it weakens if a daily close breaks below ₹3,459.47.

- Price is at ₹3,528.00, near the top of its 252-day range (+98.8%), with a bullish Supertrend signal on all major timeframes.
- Monthly trend strength is high (ADX 70.58), but daily trend development is moderate (ADX 20.99), indicating potential short-term consolidation.
- Support levels to monitor: ₹3,522.93 (immediate) and ₹3,459.47 (1.94% below); a break below the latter could invalidate the immediate bullish posture.
- Volatility is elevated (+40.0% annualized); the stock recently experienced a -5.0% volume-backed drop on 2026-11-04 before recovering +4.8% today.

- Morning Star
- Doji
- Inside Bar
- Harami
- Bullish Engulfing Reversal
- Outside Bar

### News Context

On November 4, 2026, MCX shares fell between 5% and 7% following the release of its Q2 FY27 results, which missed market estimates despite strong top-line growth. The company reported a 130% year-on-year surge in net profit to ₹455 crore and revenue more than doubling to ₹799.66 crore, driven by robust trading activity. However, operating expenses exceeded expectations, including a ₹24.8 crore contribution to the Settlement Guarantee Fund and significant tax costs from MCXCCL, leading Motilal Oswal to assign a 'Neutral' rating.

The market reaction was influenced by valuation concerns and technical factors. Analysts noted that the stock had risen 50% in 2026 and doubled from its 52-week low of ₹1,762, with a P/E multiple of approximately 54—nearly double the sector average. Jefferies highlighted that while EBITDA was largely in line, the net profit shortfall pressured sentiment. Conversely, SBI Securities identified MCX as a top Diwali stock pick on November 5, citing it as a notable opportunity. Experts suggested the decline may reflect profit-booking rather than fundamental weakness, with technical support levels identified between ₹3,200 and ₹3,225.

- {'detail': 'Net profit surged 130% YoY to ₹455 crore and revenue rose 114% to ₹799.66 crore, though results missed estimates due to higher operating expenses (including a ₹24.8 crore fund contribution) and tax costs.', 'metric': 'Q2 FY27 Financial Performance'}
- {'detail': 'Shares fell 5–7% on November 4; the stock trades at a P/E of ~54 (double the sector average) after rising 50% in 2026 and doubling from its 52-week low of ₹1,762.', 'metric': 'Market Reaction & Valuation'}
- {'detail': "Motilal Oswal assigned a 'Neutral' rating citing cost overruns, while SBI Securities named MCX a top Diwali pick on November 5; experts cited profit-booking and rich valuations as drivers for the sell-off.", 'metric': 'Analyst Sentiment'}

- [Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks](https://www.moneycontrol.com/news/business/markets/tata-steel-mcx-genus-power-among-sbi-securities-top-diwali-stock-picks-14071328.html)
- [MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating](https://www.moneycontrol.com/news/business/markets/mcx-shares-fall-5-as-q2-results-miss-estimates-motilal-oswal-gives-neutral-rating-14068812.html)
- [Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views](https://www.livemint.com/market/stock-market-news/why-mcx-shares-slumped-7-after-q2-results-but-rose-50-in-2026-more-upside-ahead-or-book-profits-experts-views-11793767668055.html)
- [MCX shares tumble despite 130% YoY growth in PAT; here's why](https://www.businesstoday.in/markets/stocks/story/mcx-shares-tumble-despite-130-yoy-growth-in-pat-heres-why-565564-2026-11-04)
- [MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles](https://economictimes.indiatimes.com/markets/stocks/news/mcx-shares-tumble-7-even-as-q2-net-profit-surges-130-yoy-revenue-more-than-doubles/articleshow/135522688.cms)

### What Changed

As of 6 November 2026, Multi Commodity Exchange of India (MCX) has recorded a notable shift in its equity valuation. The stock price increased to ₹3,528.00, up from the previous level of ₹3,366.00. This represents a positive movement in the company's market pricing over the observed period. No new corporate filings or news developments have been reported alongside this price adjustment. The change reflects current market sentiment and trading activity rather than any disclosed operational or structural alteration to the business.

- Price Update: MCX closed at ₹3,528.00 on 6 November 2026, rising from ₹3,366.00.
- Market Context: The upward price movement indicates a shift in investor valuation, with no accompanying new filings or news events.

### Official Filings

Multi Commodity Exchange of India (MCX) reported Q2 FY27 results on November 4, 2026, showing a 130% year-on-year surge in net profit to ₹454.57 crore and revenue growth of 114% to ₹799.66 crore. Despite this robust fundamental performance, shares fell approximately 7% as the results missed market estimates by roughly 14%. The shortfall was attributed to higher operating expenses, including a ₹24.8 crore contribution to the Settlement Guarantee Fund and significant tax expenses of ₹470 million recognized by MCXCCL. Following the decline, Motilal Oswal assigned a 'Neutral' rating, citing rich valuations with the stock trading at a P/E multiple of around 54, nearly double the sector average. Technical analysis indicates strong momentum, with the stock up 90.7% over the past year and currently trading near ₹3,528, supported by bullish trends across daily and monthly timeframes.

- Q2 FY27 Net Profit surged 130% YoY to ₹454.57 crore, while revenue rose 114% to ₹799.66 crore, driven by strong trading activity.
- Shares declined ~7% post-results because earnings missed estimates by ~14%, impacted by a ₹24.8 crore Settlement Guarantee Fund contribution and ₹470 million in tax expenses.
- Valuation remains elevated at a P/E of ~54x, nearly double the sector average, prompting Motilal Oswal to issue a 'Neutral' rating.
- Technical indicators show a bullish trend with the stock up 90.7% over the last year; nearest support levels are identified at ₹3,522.93 and ₹3,459.47.

- Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks
- MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating
- Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views
- MCX shares tumble despite 130% YoY growth in PAT; here's why
- MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles

### Fundamentals

Multi Commodity Exchange of India (MCX) has demonstrated a significant acceleration in financial performance through the September 2026 quarter. Sales surged 114% year-on-year to ₹800 crore, while operating profit more than doubled to ₹611 crore and net profit rose to ₹455 crore from ₹197 crore a year prior. This growth is supported by strong cash generation; Cash from Operating Activity for the trailing twelve months reached ₹3,035 crore, up sharply from ₹950 crore in FY2025. The company’s balance sheet remains robust with zero interest expenses reported in recent quarters and a negative Working Capital Days metric (-465 days as of Mar 2026), indicating efficient working capital management where payables exceed receivables. Return on Capital Employed (ROCE) improved dramatically to 71% in Mar 2026 from 43% in Mar 2025. Shareholding shows institutional stability, with DIIs holding 55.16% and FIIs at 27.06% as of Sep 2026. Borrowings increased modestly to ₹9 crore in Sep 2026, while investments grew to ₹3,106 crore. The primary checkpoint is monitoring whether this high sales growth trajectory sustains into the next reporting period and how it impacts margin expansion.

- Sales jumped 114% YoY to ₹800 crore in Q2 FY2027, with net profit tripling to ₹455 crore.
- Operating cash flow strengthened significantly, reaching ₹3,035 crore TTM compared to ₹950 crore in FY2025.
- ROCE improved to 71% (Mar 2026) from 43% (Mar 2025), reflecting enhanced capital efficiency.
- Institutional ownership remains stable with DIIs at 55.16% and FIIs at 27.06% as of Sep 2026.

### Bull Case

MCX demonstrates robust fundamental growth, with Q2 FY27 net profit surging 130% year-on-year to ₹455 crore and revenue more than doubling to ₹799.66 crore. This operational strength is underpinned by strong trading activity and improved EBITDA margins, despite higher operating expenses including a ₹24.8 crore contribution to the Settlement Guarantee Fund and significant tax expenses. Technically, the stock exhibits a bullish structure across daily, weekly, and monthly timeframes, supported by positive directional indicators (Plus DI significantly above Minus DI) and a rising Supertrend. The stock has appreciated +180.6% since the start of the tracking period and +90.7% over the past year, indicating sustained momentum. While recent price action reflects profit-booking following this rally and valuations are rich at a P/E of ~54x, the underlying earnings trajectory remains constructive.

- Q2 FY27 net profit grew 130% YoY to ₹455 crore, driven by strong trading volumes and doubled revenue of ₹799.66 crore.
- Technical trends are bullish across daily, weekly, and monthly charts, with Plus DI leading Minus DI and Supertrend signaling upward momentum.
- The stock has gained +180.6% since the start of the period and +90.7% over the last year, reflecting strong investor interest.
- Valuations are elevated at a P/E of ~54x, nearly double the sector average, suggesting much of the fundamental improvement is already priced in.

- [Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks](https://www.moneycontrol.com/news/business/markets/tata-steel-mcx-genus-power-among-sbi-securities-top-diwali-stock-picks-14071328.html)
- [MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating](https://www.moneycontrol.com/news/business/markets/mcx-shares-fall-5-as-q2-results-miss-estimates-motilal-oswal-gives-neutral-rating-14068812.html)
- [Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views](https://www.livemint.com/market/stock-market-news/why-mcx-shares-slumped-7-after-q2-results-but-rose-50-in-2026-more-upside-ahead-or-book-profits-experts-views-11793767668055.html)
- [MCX shares tumble despite 130% YoY growth in PAT; here's why](https://www.businesstoday.in/markets/stocks/story/mcx-shares-tumble-despite-130-yoy-growth-in-pat-heres-why-565564-2026-11-04)
- [MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles](https://economictimes.indiatimes.com/markets/stocks/news/mcx-shares-tumble-7-even-as-q2-net-profit-surges-130-yoy-revenue-more-than-doubles/articleshow/135522688.cms)

### Bear Case

MCX faces near-term headwinds as its stock price reacted negatively to Q2 FY27 results, despite reporting a 130% year-on-year surge in net profit to ₹455 crore. The decline was driven by a 14% miss against Motilal Oswal’s estimates, caused by higher operating expenses including a ₹24.8 crore contribution to the Settlement Guarantee Fund and significant tax costs of ₹470 million from MCXCCL. These cost overruns pressured net margins even as revenue doubled. Furthermore, the stock trades at a rich valuation with a P/E multiple of approximately 54, nearly double the sector average, suggesting that much of the fundamental improvement is already priced in. Technical indicators show high volatility, with an annualized volatility of +40.0% and a maximum historical drawdown of -28.7%, while recent price action has seen sharp declines of up to 7% following the earnings release.

- Q2 FY27 net profit missed Motilal Oswal estimates by 14% due to higher operating expenses, including a ₹24.8 crore settlement fund contribution and ₹470 million in tax expenses.
- Stock trades at a premium valuation with a P/E multiple of ~54, nearly double the sector average, raising concerns about rich pricing relative to peers.
- High volatility persists with annualized volatility at +40.0% and a maximum historical drawdown of -28.7%, alongside recent single-day drops of up to 7% post-results.
- Technical support levels are identified between ₹3,200 and ₹3,225, below the current trading range, indicating potential downside pressure if momentum reverses.

- [Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks](https://www.moneycontrol.com/news/business/markets/tata-steel-mcx-genus-power-among-sbi-securities-top-diwali-stock-picks-14071328.html)
- [MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating](https://www.moneycontrol.com/news/business/markets/mcx-shares-fall-5-as-q2-results-miss-estimates-motilal-oswal-gives-neutral-rating-14068812.html)
- [Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views](https://www.livemint.com/market/stock-market-news/why-mcx-shares-slumped-7-after-q2-results-but-rose-50-in-2026-more-upside-ahead-or-book-profits-experts-views-11793767668055.html)
- [MCX shares tumble despite 130% YoY growth in PAT; here's why](https://www.businesstoday.in/markets/stocks/story/mcx-shares-tumble-despite-130-yoy-growth-in-pat-heres-why-565564-2026-11-04)
- [MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles](https://economictimes.indiatimes.com/markets/stocks/news/mcx-shares-tumble-7-even-as-q2-net-profit-surges-130-yoy-revenue-more-than-doubles/articleshow/135522688.cms)

### FAQs

**Why did MCX shares fall nearly 7% despite reporting a 130% year-on-year surge in Q2 net profit?**

The decline occurred because the reported Q2 FY27 net profit of ₹455 crore missed Motilal Oswal’s estimates by 14%. The shortfall was attributed to higher operating expenses, including a ₹24.8 crore contribution to the Settlement Guarantee Fund and a significant tax expense of ₹470 million from MCXCCL, which pressured net margins despite revenue doubling.

**What is the current valuation context for MCX following its recent rally?**

Analysts note that MCX trades at a P/E multiple of around 54, which is nearly double the sector average. This rich valuation, combined with the stock having more than doubled from its 52-week low of ₹1,762, has led experts to suggest that much of the fundamental performance is already reflected in the price, prompting profit-booking.

**What are the key technical support levels and recent performance metrics for MCX?**

As of November 6, 2026, MCX closed at ₹3,528 with immediate technical support near ₹3,523 and ₹3,459. The stock has gained +90.7% over the past year and +60.5% year-to-date. Technical indicators show a bullish daily supertrend direction, though annualized volatility remains high at +40.0%.

- [Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks](https://www.moneycontrol.com/news/business/markets/tata-steel-mcx-genus-power-among-sbi-securities-top-diwali-stock-picks-14071328.html)
- [MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating](https://www.moneycontrol.com/news/business/markets/mcx-shares-fall-5-as-q2-results-miss-estimates-motilal-oswal-gives-neutral-rating-14068812.html)
- [Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views](https://www.livemint.com/market/stock-market-news/why-mcx-shares-slumped-7-after-q2-results-but-rose-50-in-2026-more-upside-ahead-or-book-profits-experts-views-11793767668055.html)
- [MCX shares tumble despite 130% YoY growth in PAT; here's why](https://www.businesstoday.in/markets/stocks/story/mcx-shares-tumble-despite-130-yoy-growth-in-pat-heres-why-565564-2026-11-04)
- [MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles](https://economictimes.indiatimes.com/markets/stocks/news/mcx-shares-tumble-7-even-as-q2-net-profit-surges-130-yoy-revenue-more-than-doubles/articleshow/135522688.cms)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹3,349.27
- Risk regime: Price Risk Requires Attention

### Support levels
- 3157.8
- 2985
- 2768.4

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +4.81% |
| return_10 | +16.81% |
| return_1m | +6.59% |
| return_1y | +90.69% |
| return_20 | +8.37% |
| return_3m | +33.64% |
| return_5 | +10.64% |
| return_6m | +18.66% |
| return_since_start | +180.62% |
| return_ytd | +60.52% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -28.69% |
| annualized_volatility | +39.96% |

## Quarterly financials

Quarterly financials are not currently available.

## Official filings

No official filings are currently available.

## News and market events

- 2026-11-07 — Times of India: **Muhurat Trading 2026: Why Dalal Street opens for an hour on Diwali - 10 stocks to buy for Samvat 2083** — Equity markets will hold a special Muhurat trading session on Diwali, Sunday November 8, with a pre-opening session from 2:05 pm to 2:20 pm and a main equity session from 2:20 pm to 3:30 pm. The session marks the beginning of the Samvat 2083 financial year. — [Source](https://timesofindia.indiatimes.com/business/india-business/muhurat-trading-2026-why-dalal-street-opens-for-an-hour-on-diwali-10-stocks-to-buy-for-samvat-2083/articleshow/135632689.cms)
- 2026-11-07 — Economic Times: **Samir Arora backed Helios Mid Cap Fund adds Aurobindo Pharma, 2 others, increase stake in Paytm, MCX and 16 others** — Samir Arora-backed Helios Mid Cap Fund added Aurobindo Pharma, Zetwerk, and PVR Inox to its portfolio in October while increasing stakes in Paytm, MCX, and 16 other stocks. The fund exited Park Medi World, expanded its holdings to 77 stocks across 23 sectors, and reported assets under management of Rs 2,421 crore as of October 31, 2026. — [Source](https://economictimes.indiatimes.com/mf/analysis/samir-arora-backed-helios-mid-cap-fund-adds-aurobindo-pharma-2-others-increase-stake-in-paytm-mcx-and-16-others/articleshow/135631989.cms)
- 2026-11-07 — Mint: **Muhurat Trading 2026 Diwali stocks to buy for upto 109% upside: BSE, Adani Power, HFCL, TechM - SAMCO's 10 shares | List** — Samco Wealth has recommended 10 stocks across sectors such as power, IT, and defense for Muhurat Trading on November 7, emphasizing diversification following a volatile market year. The brokerage highlighted companies including Azad Engineering, Adani Power, HFCL, Tech Mahindra, and BSE, citing strong quarterly earnings growth and order book visibility as key drivers for the new Samvat. — [Source](https://www.livemint.com/market/stock-market-news/muhurat-trading-2026-diwali-stocks-to-buy-for-upto-109-upside-bse-adani-power-hfcl-techm-samcos-10-shares-list-11794024034171.html)
- 2026-11-05 — MONEYCONTROL: **Tata Steel, MCX, Genus Power among SBI Securities’ top Diwali stock picks** — SBI Securities has identified Tata Steel, MCX, and Genus Power as its top stock picks for the Diwali period. The firm's selection highlights these specific equities as notable opportunities within the current market context. — [Source](https://www.moneycontrol.com/news/business/markets/tata-steel-mcx-genus-power-among-sbi-securities-top-diwali-stock-picks-14071328.html)
- 2026-11-04 — MONEYCONTROL: **MCX shares fall 5% as Q2 results miss estimates; Motilal Oswal gives 'Neutral' rating** — MCX shares fell 5% after the company's second-quarter results missed market estimates. In response to these results, Motilal Oswal has assigned a 'Neutral' rating to the stock. — [Source](https://www.moneycontrol.com/news/business/markets/mcx-shares-fall-5-as-q2-results-miss-estimates-motilal-oswal-gives-neutral-rating-14068812.html)
- 2026-11-04 — Mint: **Why MCX shares slumped 7% after Q2 results, but rose 50% in 2026: More upside ahead or book profits? Experts views** — MCX shares fell 7% on November 4 despite reporting a more than two-fold increase in Q2 FY27 net profit to ₹455 crore and income rising to ₹799.66 crore, driven by strong trading activity. Analysts attributed the decline to profit-booking following a recent rally and cited rich valuations, with the stock trading at a P/E multiple of around 54, nearly double the sector average. Experts identified key technical support levels between ₹3,200 and ₹3,225, noting that while the fundamental performance is robust, much of it is already reflected in the current price. — [Source](https://www.livemint.com/market/stock-market-news/why-mcx-shares-slumped-7-after-q2-results-but-rose-50-in-2026-more-upside-ahead-or-book-profits-experts-views-11793767668055.html)
- 2026-11-04 — BUSINESSTODAY: **MCX shares tumble despite 130% YoY growth in PAT; here's why** — Shares of Multi Commodity Exchange of India Ltd (MCX) fell 6.89 per cent despite reporting a 130 per cent year-on-year growth in profit after tax for the September quarter, as the result missed Motilal Oswal Financial Services' estimates by 14 per cent. The brokerage attributed the shortfall to higher operating expenses, including a Rs 24.8 crore contribution to the Settlement Guarantee Fund that exceeded expectations, and a higher tax rate. While operating revenue doubled year-on-year and EBITDA margins improved significantly, the cost overruns pressured net profit relative to analyst forecas — [Source](https://www.businesstoday.in/markets/stocks/story/mcx-shares-tumble-despite-130-yoy-growth-in-pat-heres-why-565564-2026-11-04)
- 2026-11-04 — Economic Times: **MCX shares tumble 7% even as Q2 net profit surges 130% YoY, revenue more than doubles** — Shares of Multi-Commodity Exchange of India (MCX) fell nearly 7% despite reporting a 130% year-on-year surge in Q2 net profit to Rs 454.57 crore and a 114% rise in revenue, driven by higher technology costs and taxes that impacted results. Jefferies noted that while EBITDA was largely in line with estimates, the company's performance was affected by MCXCCL's Rs 470 million tax expense recognized in the quarter. The stock decline follows a significant run-up, with shares having more than doubled from their 52-week low of Rs 1,762. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/mcx-shares-tumble-7-even-as-q2-net-profit-surges-130-yoy-revenue-more-than-doubles/articleshow/135522688.cms)
- 2026-11-04 — Mint: **MCX vs NSE vs BSE: Which is best exchange stock to buy after Q2 Results 2026? Experts' views, target price, stop-loss** — Following the Q2 FY2026 results, market experts suggest that long-term investors should prefer NSE and MCX over BSE, citing strong performance across all three exchange stocks. While NSE and BSE reported steady growth in revenue and net profit, MCX's results stood out with approximately 130% year-on-year growth in net profit for Q2 FY27. — [Source](https://www.livemint.com/market/stock-market-news/mcx-vs-nse-vs-bse-which-is-best-exchange-stock-to-buy-after-q2-results-2026-experts-views-target-price-stoploss-11793764412989.html)
- 2026-11-04 — Economic Times: **Stocks in news: NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corp** — Indian equities extended their winning streak to a fourth consecutive session, with the Nifty 50 rallying 1.58% to settle at 23,811 as broad-based buying sustained market recovery. Key entities including NSE, SBI, MCX, and Happiest Minds Technologies are in focus following strong quarterly earnings, while other firms like Chambal Fertilisers and Bata India reported mixed results with profit declines or margin contractions despite revenue growth. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-nse-bse-sbi-happiest-minds-mcx-iex-and-minda-corp/articleshow/135508071.cms)
- 2026-11-03 — CNBC-TV18: **MCX Q2 results: Profit more than doubles to ₹455 crore as revenue surges** — Multi Commodity Exchange of India reported that its net profit more than doubled to ₹454.57 crore and revenue surged 113.6% to ₹799.66 crore in the September quarter of FY2026-27, driven by a widening EBITDA margin to 76.4%. The exchange also invested an additional ₹51.5 crore in its coal exchange subsidiary, bringing total capital infusion to ₹52.50 crore. SBI Securities assigned a price target of ₹3,633, implying a 14% upside, citing MCX as a direct play on global commodity-price volatility. — [Source](https://www.cnbctv18.com/market/earnings/mcx-q2-results-profit-more-than-doubles-to-rs455-crore-as-revenue-surges-20026326.htm)
- 2026-11-03 — Economic Times: **MCX Q2 Results: Profit rockets 130% YoY to Rs 455 crore, revenue jumps 114%** — Multi Commodity Exchange of India reported a 130% year-on-year surge in consolidated net profit to Rs 454.57 crore and an 114% revenue increase to Rs 799.66 crore for Q2FY26, driven by a 151% jump in EBITDA and expanded margins. The strong financial performance coincided with MCX shares rising 7.81% on the BSE to touch a fresh 52-week high, bringing its market capitalization to approximately Rs 89,068 crore. — [Source](https://economictimes.indiatimes.com/markets/stocks/earnings/mcx-q2-results-profit-rockets-130-yoy-to-rs-455-crore-revenue-jumps-114/articleshow/135504568.cms)
- 2026-11-03 — CNBC-TV18: **FIIs record biggest single-day buying of 2026 with nearly ₹6,900 crore inflows** — Foreign institutional investors recorded their largest single-day net purchase of 2026, injecting nearly ₹6,900 crore into Indian equities on November 3 as the Sensex and Nifty extended their rally for a fourth consecutive session. While domestic institutional investors remained net sellers with outflows of ₹3,678.85 crore, the buying surge contributed to significant gains in sectors such as fast-moving consumer goods and capital markets. Market participants note that foreign inflows may continue to support valuations as corporate earnings improve. — [Source](https://www.cnbctv18.com/market/fiis-record-biggest-single-day-buying-of-2026-with-nearly-rs6900-crore-inflows-20026310.htm)
- 2026-11-03 — CNBC-TV18: **Q2 Results Live Updates: ITC, ESDS, Wockhardt react to numbers; SBI reports today** — The Indian market is set to host over 70 companies reporting their Q2 results, headlined by State Bank of India and the National Stock Exchange. Key financial and industrial entities including Bajaj Finserv, MCX, MGL, Bata India, and Graphite India are also scheduled to release their quarterly numbers. Additionally, shares of ITC, ESDS Software, NALCO, and CONCOR are expected to react to their recently announced results. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-sbi-itc-nse-bata-graphite-dam-dhoot-chambal-mcx-mgl-neuland-esds-nalco-kec-utkarsh-concor-share-price-liveblog-20025445.htm)
- 2026-10-29 — Mint: **Diwali stocks 2026: Tata Steel, MCX, IHCL and 8 more to add sparkle to shares portfolio in Samvat 2083 | Full list** — SBI Securities identified 11 stocks across sectors including metals, hotels, finance, engineering, power, electronics and automotive components as potential opportunities for Indian equities in Samvat 2083, citing a gradual market recovery supported by crude oil prices below $90 per barrel, progress on India-US trade agreements, and potential relief in securities transaction tax (STT) or long-term capital gains (LTCG) taxation. The brokerage set specific target prices and upside potentials for ten named companies, while also noting that Lumax Industries raised its FY27 revenue growth guidance to more than 25%. — [Source](https://www.livemint.com/market/stock-market-news/diwali-stocks-2026-tata-steel-mcx-ihcl-and-8-more-to-add-sparkle-to-shares-portfolio-in-samvat-2083-full-list-11793263311455.html)
- 2026-10-29 — CNBC-TV18: **Diwali Stock Picks: SBI Securities bets on these 11 names from Tata Steel to Sky Gold** — SBI Securities has come out with a list of 11 stocks it is recommending investors to buy as part of its Diwali stock picks for Samvat 2083. The stocks in this list include names like Tata Steel, Indian Hotels, MCX, Jyoti CNC, Sky Gold, Genus Power, Power Mech Projects, Centum Electronics, Stylam Industries, Sambhv Steel and Lumax Industries. — [Source](https://www.cnbctv18.com/photos/market/diwali-stock-picks-from-sbi-securities-tata-steel-indian-hotels-mcx-sky-gold-share-price-target-samvat-2083-returns-20021929.htm)
- 2026-10-26 — Mint: **Top 3 stocks to buy tomorrow: Laurus Labs, MCX, Coforge by market expert; check stop-loss, target price for Tue, 27 Oct** — India’s benchmark indices ended a four-session losing streak, with the Nifty 50 rising 0.68% and the Sensex 0.66%. Gains were limited by elevated oil prices and uncertainty ahead of the US Federal Reserve decision. Analysts highlighted key technical levels and recommended Laurus Labs, MCX , Coforge. — [Source](https://www.livemint.com/market/stock-market-news/top-3-stocks-to-buy-tomorrow-laurus-labs-mcx-coforge-by-market-expert-check-stop-loss-target-price-for-tue-27-oct-11793014330701.html)
- 2026-10-26 — MONEYCONTROL: **MCX shares rise 2.5% as Jefferies says 'Buy', sees up to 32% upside** — MCX shares rise 2.5% as Jefferies says 'Buy', sees up to 32% upside Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Allotment Jamia Protest UP Polls 2027 Rahul Gandhi Infosys Share Price Aamir Khan Small Cap Stocks Cyclone Arnab Dhanush News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Car — [Source](https://www.moneycontrol.com/news/business/markets/mcx-shares-rise-2-5-as-jefferies-says-buy-sees-up-to-32-upside-14060038.html)
- 2026-10-26 — BUSINESSTODAY: **Gold price selloff: Jefferies calls battered MCX shares hedge against crude volatility; here's why** — Jefferies on Monday called MCX a hedge against ongoing crude volatility. — [Source](https://www.businesstoday.in/markets/stocks/story/gold-price-selloff-jefferies-calls-mcx-shares-a-hedge-against-crude-volatility-heres-why-563543-2026-10-26)
- 2026-10-17 — MONEYCONTROL: **HDFC Bank Q2 results: Net profit rises 4.7% to Rs 19,510 crore, meets estimates; NII up 9.7%** — hdfc bank q2 results, hdfc bank jul-sep earnings, hdfc bank financial results, hdfc bank quarterly earnings — [Source](https://www.moneycontrol.com/news/business/earnings/hdfc-bank-q2-results-net-profit-rises-4-7-to-rs-19-510-crore-meets-estimates-nii-up-9-7-14054372.html)
- 2026-10-17 — MONEYCONTROL: **Axis Bank Q2 results: Net profit rises 38% to Rs 7,003 crore, misses estimates; NII beats expectations** — axis bank q2 results, axis bank jul-sep earnings, axis bank financial results, axis bank quarterly earnings — [Source](https://www.moneycontrol.com/news/business/earnings/axis-bank-q2-results-net-profit-rises-38-to-rs-7-003-crore-misses-estimates-nii-beats-expectations-14054381.html)
- 2026-10-17 — MONEYCONTROL: **'Much appreciated': Elon Musk tweets on Reliance statement** — Elon Musk, Starlink, Reliance — [Source](https://www.moneycontrol.com/news/india/much-appreciated-elon-musk-tweets-on-reliance-statement-14054277.html)
- 2026-10-16 — MONEYCONTROL: **Sanyasi Ayurveda sells 0.53% stake in PC Jeweller** — PC Jeweller,Natco Pharma — [Source](https://www.moneycontrol.com/news/business/markets/sanyasi-ayurveda-sells-0-53-stake-in-pc-jeweller-14054199.html)
- 2026-09-30 — CNBC-TV18: **MCX receives GST notice proposing ₹103 crore tax, interest and penalty for FY23** — Shares of Multi Commodity Exchange of India Ltd ended at ₹3,300.00, up by ₹58.00, or 1.79%, on the BSE. — [Source](https://www.cnbctv18.com/market/stocks/mcx-share-price-receives-gst-notice-proposing-rs-103-crore-tax-interest-and-penalty-for-fy23-20002494.htm)
- 2026-09-29 — BUSINESS: **MCX appoints Ramesh Varakhedkar as Chief Business Officer** — With effect from 28 September 2026 — [Source](https://www.business-standard.com/markets/capital-market-news/mcx-appoints-ramesh-varakhedkar-as-chief-business-officer-126092900168_1.html)

## Business profile

**Strategic vision:** Indian commodity exchange facilitating derivatives trading and price discovery.

### Business segments
- **Commodity Derivatives Trading:** Provides a platform for online trading of commodity derivatives, including options and futures in various commodity segments.

### Competitive strengths
- Regulatory compliance and established risk management framework
- Central counterparty role for settlement guarantees

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mcx
Markdown representation: https://faxioms.com/stocks/mcx?render=md