MCX Restarts Trading After Facing Glitches, Share Price Rebounds

Multi Commodity Exchange of India stock restarted its trading platform after fixing earlier glitches. The trade platform was closed from market open due to issues.

In the last few weeks, settlement files on the Multi Commodity Exchange have been coming late, which is causing troubles for investors, as NDTV Profit reported. The website was working on a disaster recovery site for the past two to three days.

Earlier, Zerodha flagged through a post on X that Multi Commodity Exchange was not accepting traders' orders.

MCX share price declined 1.21% to Rs 8,055.00, the lowest level since July 11. It erased losses to trade 0.06% higher at Rs 8,158.50 apiece as of 10:32 a.m., as compared to 0.18% advance in the NSE Nifty 50 index.

The stock has risen 108%, while it has risen 30.6% on year-to-date basis. Total traded volume on NSE so far in the day stood at 0.13 times its 30-day average. The relative strength index was at 48.78.

Out of 11 analysts tracking the company, seven maintain a 'buy' rating, three recommend a 'hold' and one suggests to 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 1.4%.