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4h ago

MCX Shares Rise After 1:5 Stock Split Takes Effect

Some trading apps showed unadjusted pre-split prices, creating an apparent 80% fall that did not reflect actual value.

MCX shares fall 80% post stock split; here’s why investors should not worry
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MCX stock split explained: Share price may fall sharply; what investors need to know

Overview

  • The 1:5 subdivision converts each Rs 10 share into five Rs 2 shares without altering investors’ overall value or the company’s capital.
  • MCX began trading on an adjusted basis on Jan. 2, with the stock up as much as 3.65% to Rs 2,278 intraday.
  • A display issue on certain platforms showed pre-split prices, leading to a misleading sharp drop on screens despite no real loss.
  • Shareholders receive four additional shares for every one held, with the new shares typically credited to demat accounts within one to two working days.
  • ICICI Securities kept an Add rating and lifted its target, citing strong trading volumes and expecting Q3FY26 PAT to nearly double quarter-on-quarter.