MCX Stock Soars 8.5 Percent to Record High Amid Strong Trading Volume

MCX shares experienced a significant surge of 8.5% on December 6, reaching a record high of Rs 7,048.60. The trading activity was also noteworthy, with over seven lakh shares changing hands, which is more than double the one-month daily average of three lakh shares.

The stock has delivered impressive returns of approximately 120% year-to-date. The company's financial performance has shown a remarkable turnaround, reporting a net profit of Rs 153.6 crore for the September quarter, a significant recovery from a loss of Rs 19.1 crore in the same period last year. Revenue from operations increased by 73% to Rs 285.6 crore, compared to Rs 165.1 crore in the previous fiscal year, with an EBITDA margin of 62.8% in Q2.

As of 12:42 PM, MCX shares were trading at Rs 7,030 on the NSE.

The trading activity on December 6 was also noteworthy, with over seven lakh shares changing hands, which is more than double the one-month daily average of three lakh shares.

  • The stock has delivered impressive returns of approximately 120% year-to-date.
  • The company's financial performance has shown a remarkable turnaround, reporting a net profit of Rs 153.6 crore for the September quarter, a significant recovery from a loss of Rs 19.1 crore in the same period last year.
  • Revenue from operations increased by 73% to Rs 285.6 crore, compared to Rs 165.1 crore in the previous fiscal year, with an EBITDA margin of 62.8% in Q2.
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