MCX shares drop 7% after Q2 profit jumps to ₹455 crore
In short
MCX shares fell 7% on Wednesday after the company reported Q2 FY27 net profit of ₹455 crore, more than double from before. Income rose to ₹799.66 crore, and trading activity stayed strong.
The drop matters because analysts blamed profit-booking and a rich valuation even after the strong results. The reporting also says ₹3,225 is a key support level, but it does not say whether the stock bounced back.
What the reporting says
MCX shares fell 7% on Wednesday after the exchange reported more than doubling Q2 FY27 net profit to ₹455 crore. The publisher-supplied summary says income rose to ₹799.66 crore as trading activity remained strong, but analysts pointed to profit-booking and a rich valuation. It also said ₹3,225 was viewed as a key technical support level, though the report did not say whether the stock recovered.
Why it matters
MCX shares fell 7% on Wednesday even after the company said Q2 FY27 net profit more than doubled to ₹455 crore and income rose to ₹799.66 crore. The summary says trading activity stayed strong, but analysts cited profit-booking and a rich valuation, while ₹3,225 was flagged as a key technical support level. The report does not state whether the weakness was temporary or whether the stock held that support.