MCX’s Historic Stock Split On the Horizon: Board Meeting On August 1; What’s The Trade Setup?

The first commodity derivatives exchange in India that allows online trading of commodity futures and options is Multi Commodity Exchange of India Limited, or MCX. The largest commodity options exchange in the world and the top commodity derivatives exchange in India is the Multi Commodity Exchange of India Ltd. (MCX). MCX, which has been in business since 2003, is about to consider and authorize its first-ever stock split since its inception. Here's how traders can bet on the stock today.

MCX Stock Split

"An announcement was made on July 11, 2025, informing that a meeting of the Board of Directors of the Company is scheduled on Friday, August 1, 2025, inter-alia, to consider and approve the Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter ended June 30, 2025. Further to the said announcement, it is hereby informed that, pursuant to the terms of Reg. 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR Reg.), the Board of Directors, at its above referred meeting on August 1, 2025, would also consider a proposal for splitting the existing equity shares, having face value of Rs.10/- each, in accordance with the Companies Act, 2013, Securities Contract (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 and SEBI LODR Reg., 2015, subject to necessary approvals, as required," said MCX in a stock exchange filing.

MCX News

Recently, on 29 July 2025, MCX announced the launch of Cardamom Futures Contracts. With trading starting on July 29, 2025, the Exchange will first issue Cardamom futures contracts with expiry dates in August, September, October, and November 2025. Trading will be open from 9:00 AM to 5:00 PM, Monday through Friday. Based on ex-Vandanmedu (Idukki district, Kerala) price, quotations for this mandated delivery futures contract will be in the amount of Rs per kilogram of cardamom.

With a 4% initial limitation and an additional 2% band following a 15-minute break if the initial limit is exceeded, the contracts will be structured according to the Daily Price Limit (DPL) framework. With a required 1% Extreme Loss Margin, the initial margin needs will be at least 10% or as mandated by SPAN.

Speaking on the launch, Ms. Praveena Rai, Managing Director & CEO of MCX, said: "The launch of Cardamom Futures is a pivotal development for India's spice industry. Cardamom is a premium commodity with global demand, and this contract will offer growers, traders, and exporters a reliable platform for hedging price risk, enhancing income certainty, and driving transparent price discovery. We are proud to extend our product portfolio to serve the needs of spice growers and industry and support the government's vision of a digitally enabled, farmer- inclusive agri-economy."

Adv. Sangeetha Viswanathan, Chairperson, Spices Board, Ministry of Commerce & Industry, Government of India, said, "We congratulate MCX on the launch of the cardamom futures contract. The contract will promote greater price transparency and prove to be an efficient risk management tool for the entire cardamom value chain."

MCX Target Price

"MCX remains bullish, consolidating near highs with support around ₹7,650. A breakout above ₹7,850 may lead to fresh highs toward ₹8,000-₹8,100. The stock is trending above all major moving averages, and RSI shows sustained momentum. Buying on dips near ₹7,700 with a stop-loss at ₹7,600 could offer a favorable risk-reward for positional traders," commented Riyank Arora, technical analyst at Mehta Equities.

Disclaimer

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