MCX Faces Third Day of Losses Amid Mixed Performance Indicators
Multi Commodity Exchange of India (MCX) has faced a decline for three consecutive days, totaling a 4.57% drop. Despite this recent downturn, the stock has gained 2.79% over the past month. MCX remains above its 20-day and 200-day moving averages, maintaining its status as a Reliable Performer.
Multi Commodity Exchange of India (MCX), a prominent player in the finance and non-banking financial company (NBFC) sector, has experienced a notable decline of 3.2% on February 10, 2025. This downturn marks the third consecutive day of losses for the stock, which has seen a total decline of 4.57% over this period. Despite today's underperformance, where MCX lagged behind its sector by 1.18%, the stock has shown resilience over the past month, recording a gain of 2.79%, in contrast to the Sensex's slight decline of 0.27%.
In terms of technical indicators, MCX's current price is above its 20-day and 200-day moving averages, yet it remains below the 5-day, 50-day, and 100-day moving averages. The stock reached an intraday low of Rs 5816, reflecting a decrease of 3.07% during the trading session.
MCX continues to be recognized as a Reliable Performer on MarketsMOJO since October 2024, indicating its established position within the market.
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