Why Did MCX Shares Crash By 7% Despite 131% Net Profit Growth in Q2?
India, Nov. 4 -- The shares of the Large-cap company, which specializes in providing an electronic platform for online trading, clearing, and settlement of commodity derivatives, are in the spotlight as they have declined 7 percent in the day's trade despite strong results.
With a market capitalization of Rs. 84,397.20 crore in the day's trade, the shares of Multi Commodity Exchange of India Ltd declined by 6.8 percent, reaching a low of Rs. 3,252.50 per share compared to its previous closing price of Rs. 3,493.00 per share.
Strong Q2 Results
Revenue from Operations increased by 113.9 percent YoY, from Rs. 374 crore in Q2 FY26 to Rs. 800 crore in Q2 FY27. It also increased by 14 percent QoQ, from Rs. 702 crore in Q1 FY27 to Rs. 800 cr...
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