MCX shares soar 14% in 2 sessions. What's triggering the rally?
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Shares of the Multi Commodity Exchange of India (MCX) rallied as much as 7.5% to their day’s high of Rs 2,605 on the BSE on Wednesday after the company reported a massive 151% year-on-year (YoY) jump in consolidated net profit, which rose to Rs 401 crore for the quarter ended December 31, 2026, from Rs 160 crore in the same period a year earlier. The profit after tax (PAT) is attributable to the owners of the company. With today’s surge, the stock is up 14% in just trading sessions on the bourses. Momentum in the counter was further boosted by soaring gold and silver prices. When gold and silver prices rise sharply, volatility usually increases. This attracts hedgers, traders and speculators, leading to more futures and options trading. Higher volumes directly translate into higher transaction fees for MCX, boosting revenues. In today's session, MCX Gold futures due February 5, 2026 rose Rs 4,800 or 3% to Rs 1,62,429 per 10 grams. Mea...