MCX To Shift New Trading Platform On Oct 03, Shares Hit Record High

Multi Commodity Exchange of India Ltd. (MCX) shares on Thursday hit a record high of Rs 2,103.85 apiece on the BSE during early trades after a major announcement of new trading platform.

The company in a circular announced that the company to go live with a New Commodity Derivatives Platform on October 03, 2023.

"MCX has vide Circular no.: MCX/TECH/654/2023 dated September 27, 2023 announced that the Exchange will go live with new Commodity Derivatives Platform with effect from Tuesday October 03, 2023," the Board of Directors said in a filing.

The said circular has been placed on the website of the Company, the Board stated.

Stock outlook

The shares of MCX currently trading 7.87% higher at Rs 2,087.50 apiece on the BSE after hitting a 52-week high at Rs 2,103.85 apiece. Its 52-week low is Rs 1,156.05 apiece.

The stock has given 18.52% in 1 week, 29.36% in 1 month, and 40.39% in 6 months, respectively. The stock has given 78.36% positive return in 1 year, and 15.96% in 3 years, respectively. It has given 200.32% robust return in 5 years.

About - Multi Commodity Exchange of India Limited (MCX)

The Multi Commodity Exchange of India Limited (MXC) is India's first listed exchange. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The Exchange, which started operations in November 2003, operates under the regulatory framework of the Securities and Exchange Board of India (SEBI).