MCX Stock Reaches All-Time High, Receives 'Strong Buy' Rating from MarketsMOJO

Multi Commodity Exchange of India (MCX), a leading finance and non-banking financial company (NBFC) in India, has been making waves in the stock market. On October 18, 2024, the company's stock price reached an all-time high, making it a top performer in the largecap category.

According to MarketsMOJO, a leading stock market analysis platform, MCX's stock has been given a 'Strong Buy' rating. The company has also been listed as part of MOJO Stocks on MarketsMOJO since August 8, 2024.

In terms of price performance, MCX is currently 0.31% away from its 52-week high of Rs 6593.3. It has also outperformed the sector by 2.76% today and has shown a trend reversal after two consecutive days of falling. The stock also touched an intraday high of Rs 6575, a 3.25% increase.

MCX's moving averages also indicate a positive trend, with the stock trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In terms of overall performance, MCX has shown a remarkable 200.33% increase in the past year, while the Sensex has only seen a 23.45% increase. This further solidifies MCX's position as a top performer in the finance and NBFC industry.

With its consistent growth and positive performance, MCX is definitely a stock to watch out for in the Indian stock market. Investors can consider adding it to their portfolio for potential long-term gains.