The Multi Commodity Exchange of India (MCX) saw its share price surge over 8% on December 6, 2024, surpassing Rs 7,000 for the first time, marking a 500% increase over five years. In Q2 FY24, MCX reported a net profit of Rs 153.6 crore, a significant turnaround from a loss in the previous year, with revenues rising 73% to Rs 285.6 crore. The company’s outlook remains positive due to increasing demand for commodities and innovative derivative products. UBS has raised its price target for MCX shares to Rs 8,000, maintaining a ‘BUY’ rating amid strong earnings growth.