ICICI Direct's research report on Multi Commodity Exchange
MCX is the leader in commodity derivatives exchanges in India with ~96.8% market share in terms of commodity futures turnover. It has ~100% market share in precious metals, base metals and energy • Presence in various commodities offers healthy diversification.
Outlook
We value MCX at ~29x core FY25E EPS and net cash and maintain our target price at Rs 1700.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
