MCX Stock Hits All-Time High with Strong Recommendation from MarketsMOJO

Multi Commodity Exchange of India (MCX) has been making waves in the finance industry, with its stock price reaching an all-time high on October 14, 2024. This largecap company has been gaining momentum in the market, with a 'Strong Buy' recommendation from MarketsMOJO.

The stock has been a part of MOJO Stocks on MarketsMOJO since August 8, 2024, and has shown impressive performance since then. Today, the stock hit a new 52-week and all-time high of Rs.6469.95, in line with the sector's performance. It has also been gaining for the last 5 days, with a 11.68% return in that period.

Multi Commodity Exchange of India has been highly volatile today, with an intraday volatility of 156.26%. However, it has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, MCX has outperformed the Sensex by a significant margin, with a 204.64% return compared to the Sensex's 23.19% performance. This showcases the company's strong growth and potential in the finance industry.

With its impressive performance and strong recommendation from MarketsMOJO, Multi Commodity Exchange of India is definitely a stock to watch out for in the finance/NBFC industry. Investors can expect continued growth and success from this largecap company in the future.