In a remarkable surge, the shares of Multi Commodity Exchange of India (MCX) experienced a significant rally of approximately 3.5 percent during early trade on October 16, soaring to an unprecedented peak of Rs 2,185.
This surge was propelled by the successful commencement of trading on the company’s innovative software platform.
The trading session on this cutting-edge platform kicked off seamlessly at 10:45 am on October 16, receiving widespread praise from brokers who reported an uninterrupted trading experience.
By noon, the momentum continued, with MCX shares trading 3.40 percent higher at Rs 2,182.00 on the National Stock Exchange.
The investors’ positive response to the new platform’s launch led to a significant increase in the company’s stock, reaching an all-time high since the October 11 announcement. The stock had also experienced a notable surge when it received regulatory approval. Over the past month, MCX shares have climbed by 22 percent, driven by the excitement surrounding the upcoming platform launch.
