MCX Shares Soar After Historic 1:5 Stock Split; 2.4 Lakh Retail Investors Impacted

• MCX shares gained on Friday, January 2, after trading adjusted for its first-ever 1:5 stock split.
• One share of ₹10 face value was split into five shares of ₹2 face value, making shares more affordable.
• The record date for the split was January 2; shareholders holding shares by Thursday's close were eligible.
• Over 2.4 lakh retail shareholders, holding a 15.3% stake, are impacted by the split.
• Shares traded 2.5% higher at ₹2,254; Morgan Stanley upgraded the stock with a 66%+ price target hike.

Why It Matters: MCX's first stock split aims to boost affordability and attract investors, leading to share gains.