Trading Activity and Price Movement
On 18 Feb 2026, MCX recorded a total traded volume of 19,72,014 shares, translating into a substantial traded value of ₹45,518.03 lakhs. This places MCX among the highest value turnover stocks on the day, underscoring its liquidity and appeal to large investors. The stock opened at ₹2,281.20 and touched an intraday high of ₹2,329.60, marking a 2.03% rise from the opening price. The last traded price (LTP) stood at ₹2,320.00 as of 12:30 PM, reflecting a day change of +1.56% and outperforming its sector by 1.15%.
MCX’s price action today is particularly noteworthy given it reversed a three-day consecutive decline, signalling renewed buying interest. The stock’s movement above its 50-day, 100-day, and 200-day moving averages indicates a sustained positive trend, although it remains slightly below its 5-day and 20-day averages, suggesting some short-term consolidation.
Institutional Interest and Delivery Volumes
Despite the strong trading volumes, investor participation measured by delivery volume has shown a decline. On 17 Feb 2026, the delivery volume was 14.63 lakhs shares, down by 14.21% compared to the five-day average delivery volume. This dip in delivery volume may indicate a shift towards more intraday trading or speculative activity rather than long-term holding. However, the overall liquidity remains robust, with the stock capable of supporting trade sizes up to ₹21.47 crores based on 2% of the five-day average traded value.
Market Capitalisation and Sector Context
MCX is classified as a mid-cap stock with a market capitalisation of ₹58,667 crores, operating within the capital markets industry and sector. Its performance today, with a 1.61% one-day return, outpaces the sector’s 0.39% gain and the Sensex’s flat movement, highlighting its relative strength amid broader market conditions.
Patience pays off here! This Micro Cap from Fertilizers sector has delivered steady gains quarter after quarter. Now proudly part of our Reliable Performers list.
- - New Reliable Performer
- - Steady quarterly gains
- - Fertilizers consistency
Mojo Score Upgrade and Investment Grade
MarketsMOJO has upgraded MCX’s Mojo Grade from Buy to Strong Buy as of 18 Nov 2025, reflecting improved confidence in the stock’s fundamentals and outlook. The current Mojo Score stands at 82.0, signalling strong buy sentiment backed by comprehensive analysis of financial metrics, price trends, and sector positioning. The market cap grade remains at 2, consistent with its mid-cap status.
This upgrade aligns with MCX’s recent price recovery and volume strength, suggesting that institutional investors are increasingly viewing the stock as a favourable investment. The strong buy rating is supported by MCX’s leadership in the commodity exchange space, steady revenue streams, and growing market participation.
Technical and Trend Analysis
From a technical perspective, MCX’s price currently trades above its key long-term moving averages (50-day, 100-day, and 200-day), which is a positive indicator of sustained upward momentum. However, the stock remains below its short-term 5-day and 20-day moving averages, indicating some near-term resistance and potential consolidation before further gains.
The intraday high of ₹2,329.60 represents a 2.03% increase from the opening price, and the stock’s ability to outperform the sector by 1.15% today suggests relative strength. The reversal after three days of decline may attract momentum traders looking for a turnaround opportunity.
Liquidity and Trading Implications
Liquidity remains a key strength for MCX, with the stock’s traded value supporting sizeable trade sizes of over ₹21 crores. This liquidity is crucial for institutional investors and large traders who require the ability to enter and exit positions without significant price impact. The high value turnover also reflects active participation from both domestic and foreign institutional investors, who are likely capitalising on the stock’s recent upgrade and sector dynamics.
Get the full story on Multi Commodity Exchange of India Ltd! Our detailed research dives into fundamentals, sector comparison, technical analysis, and valuations for this Capital Markets mid-cap. Make informed decisions!
- - Full research story
- - Sector comparison done
- - Informed decision support
Outlook and Investor Considerations
Looking ahead, MCX’s strong trading volumes and upgraded Mojo Grade suggest a positive outlook for the stock. Investors should monitor the stock’s ability to sustain gains above short-term moving averages and watch for any changes in delivery volumes that might indicate shifts in investor sentiment.
Given its mid-cap status and leadership in the capital markets sector, MCX remains a compelling option for investors seeking exposure to the commodity exchange space. The stock’s liquidity and institutional interest further enhance its attractiveness for both long-term and active traders.
However, investors should remain cautious of potential volatility given the recent fluctuations in delivery volumes and short-term moving averages. A sustained breakout above the 5-day and 20-day averages would provide stronger confirmation of an upward trend continuation.
Summary
Multi Commodity Exchange of India Ltd has demonstrated robust trading activity with high value turnover and strong institutional interest on 18 Feb 2026. The stock’s upgrade to a Strong Buy rating by MarketsMOJO, combined with its outperformance relative to sector peers and the Sensex, underscores its growing appeal. While short-term consolidation remains a factor, the overall technical and fundamental outlook is positive, making MCX a noteworthy candidate for investors focused on capital markets and commodity exchanges.
Limited Period Only. Start at Rs. 9,999 - Get MojoOne for 1 Year + 3 Months FREE (60% Off) Get 71% Off →
