Hold Multi Commodity Exchange of India - Volume Growth Surprising Positively
MCX’s Q2FY25 results exhibit three main trends: 1) consolidating on the new steady cost profile; 2) Healthy volumes across futures, options and...
313 Views
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...
369 Views
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.
309 Views
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...
362 Views
MCX: On a Strong Footing. Maintain Buy
We believe MCX will be the least impacted by the ongoing regulatory risk as (1) it has near-zero exposure to weekly options, (2) crude, which is...
245 Views