Stock Performance and Market Context
On the day of this milestone, MCX outperformed its sector by 3.56%, closing with a notable 5.24% gain. The stock opened with a gap up of 2.19% and touched an intraday high of Rs.2604.95, marking a 7.55% increase from the previous close. This surge continued a positive trend, with the stock recording gains over the last two consecutive days, delivering an impressive 11.71% return during this period.
MCX’s price currently trades above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling strong upward momentum and technical strength. This performance contrasts with the broader market, where the Sensex rose by 0.42% to 82,199.49 points, still 4.82% shy of its own 52-week high of 86,159.02. While the Sensex trades below its 50-day moving average, MCX’s outperformance highlights its leadership within the capital markets sector.
Long-Term Growth and Financial Strength
MCX’s rally to a new 52-week high is supported by its solid fundamentals. The company has demonstrated healthy long-term growth, with net sales expanding at an annual rate of 33.25% and operating profit growing at 33.13%. The latest quarterly results, declared in December 2025, were particularly strong, with net sales reaching a record Rs.665.62 crores and PBDIT hitting Rs.495.16 crores. The operating profit margin to net sales also peaked at 74.39%, reflecting efficient cost management and robust profitability.
Net profit growth has been exceptional, rising by 102.33% in the latest quarter. This marks the eighth consecutive quarter of positive results, underscoring consistent operational excellence. The company’s average return on equity (ROE) stands at a healthy 16.92%, further reinforcing its strong financial position.
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Valuation and Institutional Confidence
MCX’s valuation reflects its premium status in the capital markets sector. The stock trades at a price-to-book value of 29.6, which is considered very expensive relative to peers. Despite this, the company’s PEG ratio of 0.8 indicates that earnings growth is keeping pace with its valuation, suggesting a balanced growth-to-price relationship.
Institutional investors hold a significant 79.79% stake in MCX, signalling strong confidence from entities with extensive analytical resources. This high level of institutional ownership often correlates with market stability and sustained interest from long-term investors.
Comparative Performance Over One Year
Over the past year, MCX has delivered a remarkable total return of 130.68%, vastly outperforming the Sensex’s 8.30% gain during the same period. The stock’s 52-week low was Rs.882.02, highlighting the substantial appreciation in value over the last twelve months. This outperformance extends beyond the last year, with MCX consistently beating the BSE500 index in each of the previous three annual periods.
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Mojo Score and Analyst Ratings
MCX currently holds a Mojo Score of 82.0, categorised as a Strong Buy, an upgrade from its previous Buy rating as of 18 Nov 2025. This upgrade reflects improved confidence in the company’s fundamentals and market position. The stock’s market cap grade is 2, indicating a mid-cap status within the capital markets sector.
The company’s consistent financial performance, strong institutional backing, and technical momentum have contributed to this positive reassessment by analysts.
Summary of Key Metrics
To summarise, Multi Commodity Exchange of India Ltd’s new 52-week high of Rs.2604.95 is supported by:
- Robust quarterly results with record net sales and operating profit margins
- Strong year-on-year net profit growth of 102.33%
- Consistent positive results over eight consecutive quarters
- High institutional ownership at 79.79%
- Outperformance relative to Sensex and BSE500 indices
- Trading above all major moving averages, indicating sustained technical strength
This combination of financial strength and market momentum has propelled MCX to this notable milestone, reflecting its leadership within the capital markets sector.
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