Why Is MCX Share Price Rising Today? Multi-Commodity Exchange Hits Life-Time High, Crosses Rs 10,000 Mark

MCX Share Price Today: Multi-Commodity Exchange (MCX) shares rallied on Wednesday to a fresh all-time high amid heightened investor confidence in the commodity exchange. MCX share price crosses the massive Rs 10,000-per-share mark for the first time.

MCX shares were trading 3.15% higher at Rs 10,183 per share on BSE with a market capitalisation of Rs 51,931.64 crore at 11 am. The stock had touched its 52-week high mark of Rs 10,186.55 per share on BSE.

Why Is the MCX Share Price Rising Today?

MCX is benefiting from heightened volatility in precious metals like gold and silver prices; additionally, fluctuations in prices of crude oil and natural gas are also boosting MCX's average daily turnover, according to experts. Positive outlook for the stock has fuelled the investors' confidence in the MCX share price over the past few days.

HDFC Securities, in its 8 November report, had recommended a 'buy' rating for the stock with a target price of Rs 10,500 per share. MCX reported a stable quarter; however, EBITDA and revenue were flat during the second quarter of financial year 2025-26, noted HDFC Securities in its report.

MCX Share Price Target

"For H1FY26, revenue grew 44% YoY, with EBITDA up 53% and PAT up 49% YoY. Volumes surged in gold and silver contracts in the last six months due to price volatility, higher market interest, and the shift in options expiries from bimonthly to monthly," stated the brokerage in its report.

"The volume in October 2025 was very strong, and we expect it to normalize. Taking 25- 30% lower options and 40% lower futures ADTV in Nov-Dec vs Oct 2025, Q3 PAT is expected to rise about 50% QoQ. We increase our EPS estimates for FY27/28E by 1-3% and maintain BUY with a target price of INR 10,500, based on a P/E of 46x on Sep-27E core PAT plus net cash ex-SGF," the report added.

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