With strong earnings, the exchange board allowed a 1: 5 stock split to make the stock more affordable and accessible to retail investors.
The proposed split will reduce the face value of the MCX stock by Rs 10, which is subject to shareholder and regulatory approvals.
The main objective of the sharing of the stock is to make the stock more affordable and liquid, especially for retail investors. When a company’s stock prices are high, they can disappoint from buying small investors.
Reducing prices per share by division, companies aim to increase participation, expand shareholder base, and improve trade volume.
In the first quarter, the tax profit increased by 83% annually to Rs. 203.19 crore, while EBITDA is Rs 274.27 crore.
The average daily turnover of the exchange increased by 80% annually to Rs. 3.1 lakh crore, which runs from the partnership of institutional and MSME hedgers partnership and the offering of widespread production.
MCX MD and CEO Pravi Rai said that the exchange started on the “positive note” of FY 26, adding that new products, such as electric futures and elaborate bullion and agri agreement, have expanded the risk management landscape.
MCX has emerged as the world’s largest commodity options exchange in 2024, and according to FIA data, in the seventh place in 2023, globally in commodity exchanges.
Shares of MCX closed down 1.2% on Friday.
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