NSE: MCX | BSE: 534091

Mid-range Performer

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7712.50 -172.50 (-2.19%)

80.15% Gain from 52W Low

364.1K NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

39,332.5

Market Cap

High in industry

1.6

Beta 1Year

Very High Volatility

Dividend

Multi Commodity Exchange of India Ltd. last dividend of ₹30.00 per share was given on 08 Aug 2025 See details

Multi Commodity Exchange of India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MCX, BSE:534091 Multi Commodity Exchange of India Ltd.

Multi Commodity Exchange of India Ltd.

13 Oct 2017

7712.50

-2.19%

MCX: Only a few inches away from the launch of Options..

Buy: Multi Commodity Exchange o...

Motilal Oswal

at INR207m (30.7% margin, -7.9pp YoY), below our estimate of INR238m (33.7% margin, -4.9pp YoY). PAT of INR292m (below est. of INR363m) was dragged further lower by other income of INR243m (17% below est.). Volumes finally seeing uptick: Volumes were down 14.0% YoY in 2QFY18. Volumes have been subdued for the last three quarters, dragged mainly by bullion Gold (-39% YoY) and Silver (-34% YoY) due to demonetization and then GST-related uncertainty. Contribution from Gold and Silver combined was 29% of overall volumes (39% in 2QFY17). However, QoQ growth of...

Multi Commodity Exchange of India Ltd. has gained 28.45% in the last 3 Months

Multi Commodity Exchange of India Ltd.

03 Oct 2017

7712.50

-2.19%

Pick of the Week:03 Oct 17

Buy: Multi Commodity Exchange o...

Target

Axis Direct

Regulatory developments and new products - SEBI has allowed Cat III Alternative Investment Funds to participate in commodities, which should boost volumes. Following this, management expects Portfolio Management Services and Mutual Funds to be permitted.

Multi Commodity Exchange of India Ltd. has gained 28.50% in the last 6 Months

Multi Commodity Exchange of India Ltd.

20 Jul 2017

7712.50

-2.19%

Result Update - MCX

Buy: Multi Commodity Exchange o...

Axis Direct

Revenue declined ~1% QoQ to Rs 868 mn due to lower traded value (down 3.4% QoQ) in bullion (GST uncertainty) and base metals. The quarter saw a deceleration in the decline in gold volumes down 3.5% QoQ vs. 11% QoQ in Q4. EBITDA margin (post float income) expanded 380 bps QoQ, driven by cost redu..

Number of FII/FPI investors increased from 324 to 369 in Jun 2025 qtr.

Multi Commodity Exchange of India Ltd.

19 Jul 2017

7712.50

-2.19%

Result Update

Buy: Multi Commodity Exchange o...

Target

Axis Direct

Multi Commodity Exch.. has an average target of 7485.00 from 2 brokers.

Multi Commodity Exchange of India Ltd.

18 Jul 2017

7712.50

-2.19%

Multi Commodity Exchange of India Ltd Q1FY18 results comment

Results Update: Multi Commodity Exchange o...

HDFC Securities

Revenue decreased by 5.46% to Rs. 59.19 Cr in Q1FY18 when compared to the previous quarter. Revenue decreased by 5.46% to Rs. 59.19 Cr in Q1FY18 when compared to the previous quarter.

Multi Commodity Exchange of India Ltd. has gained 28.50% in the last 6 Months

Multi Commodity Exchange of India Ltd.

14 Jul 2017

7712.50

-2.19%

Multi Commodity Exchange (1QFY18): Unexiciting quarter, poised for growth. Maintain BUY

Buy: Multi Commodity Exchange o...

Target

HDFC Securities

MCX has maintained its dominant position with ~90% market share. We see value in MCX based on (1) Embedded non-linearity, (2) Favorable regulatory environment, and (3) Super-normal growth prospects with start of options trading and new product launches (Indices). We estimate revenue/PAT CAGR of 15/16% for FY18/19E. Maintain BUY with TP of Rs 1,322 implying a P/E of 40x FY19E EPS. MCX delivered poor performance in 1Q; revenue was down 5.5% QoQ to Rs 592mn, below our expectation of Rs 607mn. Drop in revenue was led by 3.4% fall in ADTV to Rs 188bn and 0.5% fall in realisation. Bullion (29% of ADTV), which was witnessing continued stress in trading volume post demonitisation, recovered 2.1% QoQ. Management expects ADTV to increase gradually after successful implementation of GST in July-17.

Multi Commodity Exchange of India Ltd. has gained 28.50% in the last 6 Months

Multi Commodity Exchange of India Ltd.

27 Jun 2017

7712.50

-2.19%

Visit Note

Buy: Multi Commodity Exchange o...

Target

Axis Direct

Options, uptick in bullion hold key: Options trading, Settlement mode, SEBI guidelines pave the way for options trading, Next set of regulatory reforms will be permitting new participants

Multi Commodity Exchange of India Ltd. is trading below its 30 day SMA of 8236.2

Is Multi Commodity Exchange of India Ltd. worth buying?

317 Votes:

Buy 81.39%

Sell 11.67%

Hold 6.94%

RESEARCH REPORTS

Neutral SEE REPORTS >

pdf

Neutral SEE REPORTS >

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