Hold Multi Commodity Exchange of India; target of Rs 3150: ICICI Securities- Moneycontrol.com
ICICI Securities's research report on Multi Commodity Exchange of India We mentioned the possibility of earnings estimates lagging actual volume growth for MCX in our last two reports, titled (1) 'Earnings estimates keep lagging volume growth; prefer to play the 'commodity momentum'' and (2) 'Structural volatility is alas an oxymoron! Hence earnings estimates lag current volume growth'. However, post Q4FY26,…
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