The shares of Multi Commodity Exchange of India (MCX) jumped nearly 4 percent to hit a fresh lifetime high of Rs 10,250 apiece on November 26. The stock has rallied more than 132 percent in just eight months after hitting a record low of Rs 4,408 in March this year.
The stock has now crossed the key psychological mark of Rs 10,000 per share, recording gains in eight out of the past 10 sessions. The company currently has a market capitalization of more than Rs 52,400 crore.
MCX share price history:
MCX shares have rallied more than 530 percent in the past five years, and over 685 percent in its lifetime. Several brokerages hold bullish calls for the stock.
MCX shares are overall up around 62 percent in 2025 so far, after jumping 95 percent in 2024 and around 106 percent in 2023.
Notably, the shares had closed at Rs 1554.20 at the end of 2022. Today’s new record high implies a surge of around 560 percent in less than four years.
Brokerages bullish on MCX shares:
Axis Capital recently initiated coverage on the shares of the company with a target price of Rs 12,500 apiece. This still implies an upside potential of nearly 27 percent from the stock’s previous closing price. UBS meanwhile raised its target price for the stock to Rs 12,000 apiece from Rs 10,000 apiece, while holding its ‘Buy’ call.
The sharp surge in MCX's share price may have also been driven by the massive rally in precious metals and other commodities, whose futures are traded on the platform.
Earlier in October, the stock had seen some decline after technical issue halted trading on the platform for over four hours. This was the longest-ever trading halt on MCX platform. "Due to a technical issue at the Exchange, the commencement of trading on Tuesday, October 28, 2025, was delayed. Operations were shifted to the Disaster Recovery (DR) site, and trading started at 1.25 pm," said MCX in a stock exchange filing.
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