New Delhi, Nov. 4 -- MCX share price slumped 7% on Wednesday, 4 November, despite the exchange reporting a more than two-fold jump in consolidated net profit for the September quarter of FY27. The sharp decline came even as the commodity exchange posted robust growth in income and trading volumes. Technical analysts attributed the decline to profit booking following the recent rally.

Multi Commodity Exchange of India (MCX) reported a consolidated net profit of Rs.455 crore for Q2 FY27, compared with Rs.197.47 crore in the corresponding quarter last year, according to its regulatory filing.

The exchange's total income surged to Rs.799.66 crore during the quarter, up from Rs.374.23 crore a year earlier. However, its expenses also increase...