HDFC Securities Sets Buy Rating on Multi Commodity Exchange with Rs 2950 Target Price
HDFC Securities has assigned a buy rating to Multi Commodity Exchange of India with a Rs 2950 target price, citing exceptional options market growth of 56% volume CAGR and 42% premium CAGR. The positive outlook is supported by rising premium ADTV of ₹106bn, 62% YoY growth in active clients, higher crude volatility, and strong bullion segment performance that collectively enhance earnings visibility.
MCX Reports Strong Q4 Performance with 51% Growth in Options Premium Turnover
Multi Commodity Exchange of India Limited reported strong Q4 performance with options premium turnover growing 51% quarter-on-quarter. The energy segment led growth with 83% QoQ increase in options ADTO, contributing 70% of total options ADTO. This performance reflects MCX's strengthening position in India's commodities derivatives market.
18Mar 26
MCX Records ₹50.82 Crore Block Trade on NSE at ₹2,602.10 Per Share
Multi Commodity Exchange of India Ltd. recorded a significant block trade worth ₹50.82 crores on NSE, involving 195,286 shares at ₹2,602.10 per share. The transaction reflects substantial institutional activity and represents notable capital movement in the commodity exchange operator's stock.
IIFL's latest report maintains a positive outlook on Multi Commodity Exchange of India (MCX) despite rising competition in the commodities sector. The brokerage highlights MCX's strong liquidity position as a key competitive advantage and recommends viewing any stock price declines as buying opportunities. IIFL's assessment indicates no immediate risks to MCX's operations, reflecting confidence in the exchange's market position and business fundamentals.