Multi Commodity Exchange of India Ltd. NSE: MCX | BSE: 534091

Expensive Star

In 5 Starfolio Baskets

Download real time

10183.00 -160.00 (-1.55%)

New 52W High today

511.4K

NSE+BSE Volume

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

Multi Commodity Exchange of India Ltd. share price target

Multi Commodity Exchange of India Ltd. has an average share price target of 10350. The consensus estimate represents an upside of 1.64% from the last price of 10183. View 4 reports from 2 analysts offering long-term price targets for Multi Commodity Exchange of India Ltd..

Reco - This broker has downgraded this stock from it's previous report.
(eg. - Buy->Hold)

Target - Broker has maintained previous recommendation but reduced share price target.

Reco - This broker has upgraded this stock from it's previous report.
(eg. - Sell->Hold)

Target - Broker has maintained previous recommendation but increased share price target.

Load latest Google or static link led you to an intermediate page.

Click on any table column to sort reports by date, stock name, broker, price, target, upside or recommendation.

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report		Discuss
	09 Dec 2025	Multi Commodity Exchange	Consensus Share Price Target	10183.00	10110.67	-	-0.71	buy	pdf Detailed Estimates
	04 Jul 2023	Multi Commodity Exchange	ICICI Securities Limited Target	10183.00	1430.00	1491.95 (582.53%)		Hold	pdf post cache		Broker Report The contrasting extremes: Further delay in new software platform implementation and surging options volumes ICICI Securities Limited Multi Commodity Exchange (MCX)’s extension of services of its existing software vendor poses a challenge to our FY24 earnings expectations considering the impact is pegged at Rs3.5bn compared to normal annual software cost of Rs550-600mn pre FY23. pdf Copy Link Share on Share on Share on Share on Alert
	24 May 2023	Multi Commodity Exchange	Keynote Capitals Ltd	10183.00		1355.20 (651.40%)		Not Rated	pdf post cache		Broker Report MCX India Limited Keynote Capitals Ltd Quarterly Update Q4FY23 pdf Copy Link Share on Share on Share on Share on Alert
	23 May 2023	Multi Commodity Exchange	ICICI Direct Target	10183.00	1650.00	1388.45 (633.41%)	Target met	Buy	pdf post cache		Broker Report Multi Commodity Exchange ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	22 May 2023	Multi Commodity Exchange	ICICI Securities Limited	10183.00	1412.00	1351.40 (653.51%)	Target met	Hold	pdf post cache		Broker Report Software transition remains key; options maintains momentum ICICI Securities Limited Multi Commodity Exchange (MCX) has reported Q4FY23 EBITDA of Rs21mn, being impacted by higher software cost. Increasing options volumes have been the key investment thesis for the company and Q4FY23 saw this trend continuing as options ADTV (notional) touched an all-time high of Rs550bn in Mar’23. pdf Copy Link Share on Share on Share on Share on Alert
	16 Mar 2023	Multi Commodity Exchange	Motilal Oswal	10183.00	1450.00	1486.60 (584.99%)	Target met	Neutral	pdf post cache		Broker Report FPI participation in commodity derivatives to be positive Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	08 Feb 2023	Multi Commodity Exchange	Keynote Capitals Ltd	10183.00		1403.00 (625.80%)		Not Rated	pdf post cache		Broker Report MCX India Limited Keynote Capitals Ltd Quarterly Update Q3FY23 pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	Multi Commodity Exchange	ICICI Direct	10183.00	1700.00	1392.95 (631.04%)	Target met	Buy	pdf post cache		Broker Report Multi Commodity Exchange ICICI Direct pdf Copy Link Share on Share on Share on Share on Alert
	07 Feb 2023	Multi Commodity Exchange	ICICI Securities Limited Target	10183.00	1412.00	1425.15 (614.52%)	Target met	Hold	pdf post cache		Broker Report High software costs to impact FY23/24 earnings; options/new launches can drive volume growth ICICI Securities Limited Payout for software contract extension to 63 Moons has been significantly higher than expected at ~Rs2.5bn for MCX over the three quarters of Q3FY23, Q4FY23 and Q1FY24. The enormity of the amount can be assessed from the fact that the software cost for FY22 was only Rs557mn. pdf Copy Link Share on Share on Share on Share on Alert
	06 Feb 2023	Multi Commodity Exchange	Motilal Oswal Reco Target	10183.00	1450.00	1425.15 (614.52%)	Target met	Neutral	pdf post cache		Broker Report Uncertainty on software expenses continues to loom Motilal Oswal pdf Copy Link Share on Share on Share on Share on Alert
	02 Jan 2023	Multi Commodity Exchange	ICICI Securities Limited Reco Target	10183.00	1669.00	1554.20 (555.19%)	Target met	Accumulate	pdf post cache		Broker Report Extension of existing software contract remains an overhang; traction in options is key ICICI Securities Limited Multi Commodity Exchange of India (MCX) options has now extended the contract with existing software platform provider (63 moons) till June’23. This is disappointing considering that the new extension (6 months) is longer than the first extension (3 months) along with the related higher cost incidence now in FY23/24. pdf Copy Link Share on Share on Share on Share on Alert
more loading

* Please note that subscribers can download a maximum of 300 reports a month and 70 reports everyday.

Advisor Screeners