MCX Shares Surge as Profits and Stock Split Announced

MCX shares rose over 5% following an 83% increase in net profit for the June quarter, reaching Rs 203.19 crore. Revenue grew by 59%, and the board approved a stock split to increase affordability. On the NSE, shares closed at Rs 7,983, while BSE shares settled at Rs 7,980.20.

Shares of Multi Commodity Exchange (MCX) saw a notable rise, climbing more than 5% on Monday. This surge came after the company reported an 83% jump in its consolidated net profit, reaching Rs 203.19 crore in the June quarter.

On the National Stock Exchange (NSE), the stock appreciated by 5.10% to close at Rs 7,983 apiece. Similarly, on the Bombay Stock Exchange (BSE), MCX's shares rose 5.08% to settle at Rs 7,980.20. Volume trading was significant, with 13.76 lakh shares traded on the NSE, while 73,448 shares changed hands on the BSE.

Additionally, MCX announced a stock split in a 1:5 ratio to enhance stock affordability and accessibility. This decision received board approval, with a record date to be announced after obtaining necessary approvals from shareholders and regulators.

(With inputs from agencies.)