By Admin 
The shares of the country’s well-known commodity exchange company MCX (Multi Commodity Exchange) saw a tremendous jump today. The company’s shares rose by 7.5 per cent to a high of Rs 7,971. The biggest reason behind this speed is the approval of SEBI (Securities and Exchange Board of India), which MCX has received to start the Electricity Derivatives Contract.
What did MCX say?
According to MCX, these new electricity derivative contracts will give electricity producers, distribution companies and big consumers a new and effective means of protecting the price fluctuations of electricity. These contracts will be linked to electricity prices, which will help in risk management and also increase the functionality of the electricity market.
According to the news published on Financial Express, Praveena Rai, Managing Director and CEO of MCX, said, “These contracts will provide a reliable, transparent and regulated platform to the participants, which will make them better handle the risk of changing prices of electricity. Especially now, the price of electrical energy and market -based reforms will be able to handle the risk of changing prices of electricity. Is.” Prior to MCX, NSE (National Stock Exchange) has also received theoretical approval to launch electricity derivatives, which the company gave information in its quarter report released in May.
MCX’s quarterly results are also strong
In the fourth quarter of FY25, MCX’s profit increased by 54 percent to 135 crores, which was 88 crores in the same quarter last year. At the same time, the total operational income of the company was 291 crore in this quarter, which is 61 percent more than the previous year’s 181 crore. Along with this, MCX has also declared a final dividend of 30 per share for FY 2024-25.
MCX’s stock gave great returns
MCX shares have given 17 percent return in the last five trading sessions. In the last one month, the stock has registered a tremendous lead of 40 percent. In the last six months, the assets of investors have increased by 16 per cent and in a year this stock has given excellent returns of up to 118 per cent.
Let me tell you, this step of MCX can open a new chapter in India’s energy market. Electricity derivatives will not only create a new opportunity for investors, but will also give a chance to better handle the risk for electricity -related businesses.
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