MCX surges on launching Cardamom Futures

Multi Commodity Exchange Of India Ltd. | Finance - Stock Broking | BFSI | BSE: 534091 | NSE: MCX

29 Jul 2025 Evaluate

Multi Commodity Exchange of India (MCX) is currently trading at Rs. 7832.00, up by 101.20 points or 1.31% from its previous closing of Rs. 7730.80 on the BSE.

The scrip opened at Rs. 7732.00 and has touched a high and low of Rs. 7864.95 and Rs. 7612.35 respectively. So far 23691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9110.00 on 01-Jul-2025 and a 52 week low of Rs. 4075.05 on 05-Aug-2024.

Last one week high and low of the scrip stood at Rs. 8270.00 and Rs. 7612.35 respectively. The current market cap of the company is Rs. 39940.14 crore.

The Institutions holding in the company stood at 80.76%, while Non-Institutions held 19.24% in the company.

Multi Commodity Exchange of India (MCX) has launched Cardamom Futures contracts effective from July 29, 2025. This significant step is aimed at improving price discovery, ensuring better price risk management, and strengthening the spice trading ecosystem, especially for small and medium-scale farmers in South India and traders across India.

The Exchange will initially offer Cardamom futures contracts with expiry in August, September, October, and November 2025, with trading beginning on July 29, 2025. Trading will be open Monday to Friday, from 9:00 AM to 5:00 PM. This compulsory delivery futures contract will represent 100 kilograms of cardamom, with quotes in rupees per kilogram, based on ex-Vandanmedu (Idukki district, Kerala) pricing.

The contracts will follow a Daily Price Limit (DPL) structure, with an initial limit at 4% with a potential additional 2% band after a 15-minute pause if the initial limit is breached. Initial margin requirements will be a minimum of 10% or as per SPAN, with a mandatory 1% Extreme Loss Margin. With this launch, the company reiterates its commitment to bringing innovation, access, and efficiency to India’s vibrant agricultural commodities market. The Cardamom Futures contract is expected to significantly benefit stakeholders by fostering formalized trade practices and improving liquidity.

Multi Commodity Exchange of India (MCX) offers trading in commodity derivative contracts across varied segments including bullion, industrial metals, energy and agricultural commodities, as also on indices constituted from these contracts.

Multi Commodity Exch Share Price

3044.15 71.00 (2.39%)

07-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
Motilal Oswal Fin	890.70
Angel One	322.00
IIFL Capital Service	351.30
Nuvama Wealth	1475.00
Share India Sec.	148.00
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