BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on Multi Commodity Exchange
MCX's revenue momentum gathered pace in Q1 with higher volume in agri derivative trading. Controlled operating expenses also aided profitability in Q1. We expect 25 per cent CAGR in agri derivative trading volume over FY16-18 and operating leverage benefits to result in 430 basis points increase in margins.