Why did MCX share price surge by 20% in the last 3 trading sessions?

Synopsis: MCX shares jumped nearly 20% in three sessions as gold and silver futures surged up to 9%, boosting trading volumes. Strong Q3FY26 earnings growth of ~150% YoY and new product launches further lifted investor sentiment.

This company is India’s first listed, national-level electronic exchange and the country’s leading commodity derivatives platform that is regulated by SEBI which enables efficient price discovery and price risk management for the Indian commodity market ecosystem is now in the spotlight after it jumped nearly 20% in the last three trading sessions. 

With a market capitalisation of Rs. 68,604 cr, the shares of Multi Commodity Exchange of India Ltd closed at Rs. 2,690.45 per share, up by 3.7% from its previous close of Rs. 2,594.50 per share. From its January 23rd low of Rs. 2,274.05 to today’s high of Rs. 2,706 per share, the stock has gained 19%.

Reason for the surge 

MCX has surged nearly 20% over the last three trading sessions, driven by a sharp rally in bullion prices, which boosts trading volumes and revenues for the exchange. 

Recently, commodities have skyrocketed, raising the income of many investors and enthusing the markets as a whole. The corresponding increase in earnings has supported higher volumes of trading because the participants have been actively buying and selling across sectors.

In today’s session, MCX Gold futures jumped 9% to Rs 1,80,700 per 10 grams from its previous close of Rs. 1,65,915, while Silver futures surged 6% to Rs 4,09,400 per kg from its previous close of Rs 3,85,366. , supporting strong investor optimism around MCX.

Strong Q3FY26 earnings drive optimism

Recently, Multi Commodity Exchange (MCX) delivered a strong performance in Dec 2025, with sales rising 121.3% YoY to Rs. 666 crore compared with Rs. 301 crore in Dec 2024. EBITDA surged 156.0% YoY to Rs. 494 crore from Rs. 193 crore, reflecting sharp operating leverage. Net profit increased 150.6% YoY to Rs. 401 crore, up from Rs. 160 crore, while EPS grew 150.5% YoY to Rs. 15.73 from Rs. 6.28, indicating robust earnings expansion.

On a sequential basis, MCX reported sales growth of 78.1% QoQ, rising from Rs. 374 crore in Sep 2025 to Rs. 666 crore in Dec 2025. EBITDA climbed 104.1% QoQ to Rs. 494 crore from Rs. 242 crore, while net profit rose 103.6% QoQ to Rs. 401 crore from Rs. 197 crore. EPS also increased 103.2% QoQ, improving from Rs. 7.74 to Rs. 15.73, supported by higher trading volumes and strong operating momentum.

New product launches

MCX has expanded its product offerings by launching Options on MCX BULLDEX on October 27 and a Nickel Futures contract with differential trading and delivery units on August 18. It also introduced India’s first Electricity Futures contract on July 10, along with Cardamom and Gold (10 grams) futures, and monthly Gold and Silver options on bimonthly underlying futures.

In conclusion, the jump of just about 20% over the past 3 days at MCX is due to 3 key factors, which are an excellent Q3 result that showed strong profit growth, a big increase in the price of both the gold and silver futures, and their continued expansion into new product areas. 

The MCX has maintained a high volume of trading activity through solid sequential increases in trading volume, adding new derivative opportunities, and building investor confidence through ongoing expansion efforts. It continues to be at the forefront of providing an outstanding commodity exchange for investors to use as their primary source for derivatives trading in India.

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