Shares of Multi Commodity Exchange of India (MCX) will be in focus on Tuesday, January 2, 2025, as they will trade ex-date for the first-ever stock split. The board of directors of the company had approved sub-division in the 5:1 ratio. This means one equity share of MCX with a face value of Rs 10 each is divided into five equity shares of face value of Rs 2 each. The company had fixed January 2, 2026, as the record date for the purpose of determining the eligibility of shareholders for this corporate action.
Multi Commodity Exchange stock has a 52-week high of Rs 11,218, hit on December 29, 2025, and a 52-week low of Rs 4,410.10.
MCX's First stock split
For the uninitiated, this is the first-ever stock split of MCX since its listing in 2012.
Understand the stock split
MCX has announced that it would split one share with a face value of Rs 10 into five shares with a face value of Rs 2 each. Therefore, an investor with 10 shares of till Thursday evening, will have a total of 50 shares from today. Although the number of shares will increase fivefold, the total value of the investment will remain unchanged.
Companies typically opt for a stock split to reduce share prices and make them easier for small investors to purchase. This increases stock liquidity, or trading volume, in the market.
Share price to drop sharply
The share price will also decrease proportionately, even as the market value of the company remains stable. MCX shares closed at Rs 11,015 on Thursday, which will be seen trading at a much lower price after the split.
Who will be eligible for this corporate action
As the company has set January 2, 2026, as the "record date" for this stock split, investors who held shares of MCX in their demat accounts as of January 1, 2026, before the market closing will be eligible for this split. Investors who purchase new shares today, Friday, will not benefit from this split.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
