HSIE Results Daily: UltraTech Cement, Oberoi Realty, Dalmia Bharat, Multi Commodity Exchange
We maintain ADD on UltraTech (UTCEM) with an unchanged target price of INR 11,260 (valuing the cement business at 16.5x Sep-26E consolidated EBITDA...
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Exchanges, Staffing and Internet (Q2FY25E Results Preview): On Growth Trajectory
MCX is expected to report strong revenue growth of +22/73% QoQ/YoY, led by growth in options revenue (+38% QoQ) and ~4% growth in futures volume
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Mcx - New Products to Be Key Growth Drivers
After future volumes on these products exceed the volume threshold of INR10b, MCX will launch options contracts.For MCX, retail participation has...
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Multi Commodity Exchange of India - Positive Surprise in Volumes Lead to Earnings Upgrades
Volumes have been strong in MCX across options and futures, as well as the premium conversion rates in Aug’24 after a weak Jul’24.
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MCX: Scaling New Heights, Improving Visibility. Maintain BUY
We recently met with MCX management. We gained more confidence in their strategic direction, which includes (1) launching new products such as...
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