Brokerage Report On MCX Shares
While individual brokerage firms provide proprietary reports, a general summary of recent analyst ratings and the company’s financial performance provides insight into Multi Commodity Exchange of India Ltd. (MCX). In August 2025, analysts held a consensus “Hold” or “Neutral” rating for MCX, with a modest price target relative to the market price at the time
. The positive sentiment is driven by the company’s strong financial performance in Q1 FY26.
Recent MCX reports and analyses (August 2025)
- Consensus outlook (August 2025): Based on recent analyst updates, the consensus rating is a “Hold” or “Neutral.” On August 4, 2025, Motilal Oswal issued a “Neutral” rating with a target of ₹8,300, which was later met. A consensus price target published on August 22, 2025, stood at ₹7,976.33, which represented a very slight upside of 0.62% from the last traded price of ₹7,927.
- Q1 FY26 financial performance (August 2025): On August 5, 2025, MCX reported robust Q1 FY26 results:
- Revenue: ₹373 crore, a significant 59.4% increase year-over-year.
- Net profit: ₹203 crore, representing an 83% increase year-over-year.
- Strategic corporate actions (August 2025):
- Stock split: A 1:5 stock split was announced in early August 2025 to increase accessibility for retail investors.
- New futures contracts: MCX launched Nickel and Cardamom futures contracts in July and August 2025, respectively, expanding its product offerings.
- Key brokerage recommendations and price targets:
- Motilal Oswal (August 4, 2025): Neutral rating with a price target of ₹8,300.
- Consensus (August 22, 2025): Hold rating with an average target price of ₹7,976.33.
- TradingView (August 2025): Reported a target price range of ₹5,750 to ₹10,000, with an average target of ₹8,231.89.
- Investing.com (August 2025): Reported a consensus “Buy” rating based on 9 analysts, with an average target price of ₹7,888.55.
- Important considerations for investors
- Recent rally: The MCX stock saw a surge in August 2025, buoyed by the strong Q1 results and positive market sentiment following India’s credit rating upgrade.
- Risk factors: Some analysts have pointed to potential risks, including low Foreign Portfolio Investor (FPI) participation, rising technology costs, and unpredictability in premium turnover.
- Consensus versus individual targets: While the overall consensus might be “Hold,” it is essential to review individual analyst targets and reasoning, which can vary significantly.
PLEASE CONSULT YOUR FINANCIAL ADVISOR : Investors are encouraged to conduct thorough independent research and consult with financial advisors before making any investment decisions.