MCX share price touches 52-week high as board decides to recover technology costs for old platform from MCXCCL

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28.11.2023 - 08:01

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livemint.com:

₹2,934.95 apiece on BSE today. Multi Commodity Exchange of India share price touched an intraday high of ₹3,168 and an intraday low of ₹2,932.

Multi Commodity Exchange stock price, as per trendlyne data, rose 100.16% and outperformed its sector by 75.01% in the past year. Also Read: Hindustan Petroleum share price gains more than 5%, scales 52 week high.

IOCL, BPCL gain up to 4% as crude tumbles According to Ruchit Jain, Lead Research Analyst at 5paisa, MCX stock has been rallying in an uptrend since September and it has shown a huge outperformance in this period. The momentum continues to be bullish but the readings are now in the overbought zone.

Hence, investors with existing positions should continue to ride the trend but new buying should be done either on some price-wise correction or a consolidation phase. "Exciting news! Mint is now on WhatsApp Channels

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