Trading Activity and Price Performance
On 4 February 2026, MCX recorded a total traded volume of 11,09,725 shares, translating into a substantial traded value of ₹275.87 crores. The stock opened at ₹2,460 and touched an intraday high of ₹2,516, marking a 3.36% rise from the previous close of ₹2,434.1. The last traded price (LTP) stood at ₹2,488.4 as of 09:45 IST, reflecting a day change of 2.03%. This performance notably outpaced the capital markets sector’s 0.45% gain and the Sensex’s modest 0.23% increase on the same day.
MCX has been on a consistent upward trajectory, registering gains for three consecutive days and delivering a cumulative return of 10.87% over this period. The stock’s resilience is further underscored by its trading above all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – signalling sustained bullish momentum and technical strength.
Institutional Interest and Liquidity
Investor participation has surged, with delivery volume on 3 February reaching 47.81 lakh shares, a significant 56.56% increase compared to the five-day average delivery volume. This heightened delivery volume indicates strong conviction among investors, particularly institutions, who are increasingly holding shares rather than engaging in intraday trading.
Liquidity remains robust, with the stock’s traded value comfortably supporting trade sizes up to ₹52.62 crores, based on 2% of the five-day average traded value. This level of liquidity is crucial for institutional investors and large order flows, ensuring minimal market impact and efficient execution of sizeable trades.
Market Capitalisation and Sector Context
MCX is classified as a mid-cap stock with a market capitalisation of ₹63,541.42 crores. Operating within the capital markets industry, the company benefits from the growing interest in commodity derivatives trading in India, which has seen increasing volumes and participation from both retail and institutional investors. The sector’s overall performance has been steady, but MCX’s outperformance highlights its leadership position and investor confidence.
While markets shift, this one's charging ahead! This Micro Cap from Aquaculture shows the strongest momentum signals in current conditions. Don't miss out on this ride!
- - Strongest current momentum
- - Market-cycle outperformer
- - Aquaculture sector strength
Mojo Score Upgrade and Analyst Ratings
MarketsMOJO has upgraded MCX’s Mojo Grade from Buy to Strong Buy as of 18 November 2025, reflecting improved fundamentals and technical outlook. The stock’s Mojo Score stands at an impressive 82.0, indicating strong buy signals based on a comprehensive analysis of financial health, price trends, and market sentiment.
The upgrade is supported by MCX’s consistent price appreciation, rising investor participation, and favourable liquidity conditions. The company’s market cap grade is 2, categorising it firmly within the mid-cap segment, which often offers a blend of growth potential and relative stability compared to smaller caps.
Technical and Fundamental Indicators
MCX’s price action is bolstered by its position above all major moving averages, a classic indicator of sustained bullish momentum. The stock’s ability to outperform its sector by 1.59% on the day further confirms its relative strength. Additionally, the rising delivery volumes suggest that investors are increasingly confident in the stock’s medium to long-term prospects.
From a fundamental perspective, MCX’s leadership in the commodity derivatives market, combined with favourable regulatory developments and increasing market participation, underpins its growth trajectory. The company’s financial metrics, while not detailed here, have evidently contributed to the positive rating revision and investor interest.
Outlook and Investment Considerations
Given the current momentum and institutional interest, MCX appears well-positioned to continue its upward trend. Investors should note the stock’s strong liquidity profile, which facilitates large order flows without significant price disruption. The recent upgrade to Strong Buy by MarketsMOJO adds further confidence for investors seeking exposure to the capital markets sector through a leading commodity exchange.
However, as with all equity investments, market participants should remain vigilant to broader macroeconomic factors and sector-specific risks that could impact performance. The commodity derivatives market is sensitive to regulatory changes and global commodity price fluctuations, which may introduce volatility.
Thinking about Multi Commodity Exchange of India Ltd? Our real-time Verdict report breaks down everything – from financial health and peer comparison to technical signals and fair valuation for this mid-cap stock!
- - Real-time Verdict available
- - Financial health breakdown
- - Fair valuation calculated
Summary
Multi Commodity Exchange of India Ltd has demonstrated strong value turnover and institutional interest, supported by a significant upgrade in its investment rating. The stock’s consistent gains, robust liquidity, and technical strength position it favourably within the capital markets sector. Investors looking for exposure to commodity derivatives trading may find MCX an attractive proposition given its leadership, market cap size, and positive momentum.
As always, investors should conduct thorough due diligence and consider their risk appetite before making investment decisions. MCX’s recent performance and rating upgrade provide compelling reasons to monitor this stock closely in the coming weeks.
Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →
