StocksMedium•4 November 2026•
1 min read
MCX Shares Slump 7% Despite Doubling Q2 Net Profit
Key Facts
1MCX share price fell more than 7% due to profit booking following a strong rally ahead of the earnings release.
2The company reported a consolidated net profit of Rs 455 crore for the September quarter, more than doubling year-on-year.
MCX share price fell more than 7% despite the company reporting a significant surge in its financial results for the quarter ended September 2026. Business Standard reported that the company achieved a consolidated net profit of Rs 455 crore, more than doubling its profit compared to the same period last year.
The sharp decline in the share price is attributed to profit booking following a strong rally ahead of the earnings release, characterized as a "sell the news" event. Sunny Agrawal of SBI Securities told Business Standard that the results were in line with expectations, maintaining a positive long-term outlook for the business driven by increasing trading volumes in futures and options.