India First Electricity Derivatives Spark a Rally in MCX — What Next?

June 9, 2025: For investors hunting explosive midcap stories, Multi Commodity Exchange of India (MCX) has quietly turned into one of the best-performing stocks on the BSE — and yet, it’s flying just under the radar of the broader market.

Also Read: Bandhan Bank Shares Jump: What’s Fueling the Rally?

On June 9, 2025, MCX surged to ₹7867.05, clocking a 6% gain in a single day. Its intraday low of ₹7525.1 and high of ₹7970 mark another milestone in what can only be described as a phenomenal breakout year.

📈 Unmatched Momentum Across Time Frames

• 1 Week: +19.67%
• 1 Month: +30.2%
• 3 Months: +69.35%
• 6 Months: +15.31%
• 1 Year: +117.55%
• 3 Years: +503.28%
• 5 Years: +557.97%

This isn’t a flash in the pan. MCX has more than quintupled investor wealth over three years — a return few companies in any sector can match.

🧠 Technical Insights: Riding the Trend

The technical picture supports the bullish narrative:

• Pivot Level: 7671.37
• Resistance: R1: 7817.63 | R2: 7890.77 | R3: 8037.03
• Support: S1: 7598.23 | S2: 7451.97 | S3: 7378.83

What’s more telling? The stock is well above all major moving averages, from short-term 5-day averages to the 200-day long-term lines. This is a textbook bullish signal.

Time Frame	SMA	EMA
5-Day	6719.64	6859.69
10-Day	6580.09	6702.41
20-Day	6375.59	6496.54
50-Day	5934.98	6126.06
100-Day	5705.18	5906.92
200-Day	5847.63	5559.71

MCX is outperforming all its moving averages — a signal of strong upward momentum, not just noise.

🆚 Sector Comparison: Outshining Indian Energy Exchange (IEX)

While Indian Energy Exchange (IEX) has posted respectable returns:

• 1Y: +28.69%
• 3Y: +18.2%
• 5Y: +276.39%

It simply doesn’t compare to MCX’s 117.55% (1Y) and 503.28% (3Y) gains. That’s nearly 3X the 5-year return of IEX, making MCX a clear sector leader in wealth creation.

💡 The Big Question: Is It Too Late to Buy?

With MCX already breaching its 52-week high of ₹7529.95, and now trading at ₹7867.05, some may ask if the stock has run too far, too fast.

However, the technical momentum, growing volumes, and long-term performance history suggest this could still be early innings for investors with a long-term view — especially if volumes and earnings keep pace with price.

✅ Conclusion: MCX Is No Longer a Hidden Gem — It’s a Midcap Powerhouse

In a market where many stocks dazzle short-term but fade away, MCX is proving it can sustain growth, attract investor confidence, and deliver results year after year. Whether you’re a momentum trader or a long-term investor, this is a chart — and a story — worth watching.