MCX Stock Price Sees -5.25% Decline, Still Outperforms Sector and Sensex in Long Term

Multi Commodity Exchange of India (MCX) has seen a decline of -5.25% in its stock price on February 12, 2024. This decline comes after the stock opened with a loss of -2.68% and touched an intraday low of Rs 3625.35 (-5.36%). The stock has been on a downward trend for the past two days, with a fall of -6.08% in this period.

According to MarketsMOJO, a leading stock analysis platform, the stock call for MCX is 'Hold'. The stock has also underperformed the sector by -4.61% today. However, it is still performing better than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving average.

In comparison to the Sensex, MCX's performance has been -5.11% in the past day and 18.79% in the past month. This shows that while the stock has seen a decline in the short term, it has still outperformed the Sensex in the longer term.

MCX is a midcap company in the finance/NBFC industry. It is one of the leading commodity exchanges in India, providing a platform for trading in various commodities such as gold, silver, crude oil, and agricultural products. The recent decline in its stock price may be attributed to market fluctuations and should not be a cause for concern for long-term investors.