Market Performance
Multi Commodity Exchange of India (MCX) shares ended Tuesday, July 30, with a 1.2% rise at ₹7,828 per share.
- The stock has gained 25% year-to-date
- It remains 14% below its 52-week high of ₹9,115
- Over the past 12 months, MCX shares have surged 87%, nearly doubling in value
This recent uptrend comes ahead of the upcoming board meeting on August 1, where major decisions are expected.
Main News: Stock Split Proposal on the Table
MCX Ltd. announced that its board of directors will meet on Friday, August 1, to consider a stock split.
- This will be the first stock split ever proposed by MCX
- The current face value of each share stands at ₹10
- If approved, the stock split will alter the number of outstanding shares and improve liquidity
The same meeting will also cover the company’s financial results for the April-June quarter.
Company Overview: MCX Dividend History & Shareholder Updates
While MCX has never issued bonus shares, the company is known for regular annual dividend payouts.
Recently, MCX announced a ₹30 per share dividend, with the record date fixed for August 8.
Here’s a quick look at its dividend track record over the past few years:
- ₹7.64 per share in 2024
- ₹19.09 per share in 2023
- ₹17.40 per share in 2022
These consistent distributions highlight the company’s focus on returning value to shareholders.
Summary
- MCX share price rose 1.2% to ₹7,828 on July 30
- Board to consider stock split and release Q1 results on August 1
- This marks the first-ever stock split proposal by the company
- ₹30 per share dividend declared, with record date on August 8
- MCX stock has shown strong performance with 87% gain in 1 year
Easy & quick