MCX shares have become a profit machine for investors.
On one hand, on Dalal Street, the Indian stock market is going through a phase of slowdown and foreign investors (FIIs) are continuously withdrawing their money, on the other hand, the Multi Commodity Exchange of India (MCX) has filled the pockets of investors. By giving bumper returns of more than 150% in the last one year, MCX has proved that stocks with strong business models perform in every environment. With this amazing growth, MCX has left the leading exchange operators from Wall Street to Europe miles behind.
Everything is ruined in front of MCX
When we compare the returns of MCX with the world’s largest exchanges, the picture becomes even clearer.
- Asian Market: Hong Kong Exchanges and Clearing (HKEx) has given a return of only 26% and Japan Exchange Group has given a return of 25% during this period.
- American Market: Nasdaq, considered the bastion of tech companies, has also registered a gain of only 21%. At the same time, the shares of Intercontinental Exchange, which runs the New York Stock Exchange, have risen only 3%.
- European markets: London Stock Exchange (LSEG) is trading at a loss of 19% and Germany’s Deutsche Boerse is trading at a loss of 6%.
What is the reason behind this ‘bull run’?
According to market experts, this rise is not the result of any rumor or operator’s game. This is the result of a major change in the business structure of the exchange (Structural Shift).
According to Dr. Ravi Singh, Chief Research Officer of Master Capital Services, the company has removed its old technical shortcomings. Now the participation of common investors in the commodity derivatives market is increasing rapidly.
At the same time, Unocoin CEO Satvik Vishwanath points to another important link in this rise. According to him, now the trend of options trading instead of futures trading is increasing in the market. Options trading stabilizes exchange fees and increases margins. Most importantly, MCX has a monopoly in non-agri commodity trading (like gold, silver, crude oil) in India. Due to this monopoly, the company has pricing power, which is continuously increasing its profits.
MCX stood firm despite all-round market pressure
This performance of MCX is also praiseworthy because at present the Indian market is under pressure from all sides. Quarterly results of companies are coming weak and global tensions like American tariffs and Iran-Israel war have spoiled the mood of the market.
Foreign institutional investors (FIIs) have almost turned their backs on the Indian market. After selling Rs 1.66 lakh crore in the year 2025, till now in the year 2026 they have sold shares worth Rs 1.79 lakh crore. The effect of this is that in the last one year, Sensex has been able to rise only by 4% and Nifty by 6%. But even amidst this huge ups and downs and selling, MCX has strengthened the portfolio of investors.
Buy, Sell or Hold?
A bitter truth of the stock market is that after every boom there comes a period of profit booking. Dr. Ravi Singh also agrees with this. He says that after the rally of 150%, now the valuation of MCX has become a bit expensive, hence a slight decline may be seen in the short-term.
From a technical point of view, the stock has given a big ‘breakout’ above the level of Rs 2,700. Now this level of 2,700 will act as a strong support for the stock. If this support is not broken, then in the coming days the share can go to the level of Rs 2,850 to Rs 2,900 and then Rs 3,000. This is still a great stock for long-term investors, but new buyers should wait for a dip or consolidation.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
