MCX share price: Brokerages issue cautious stance despite strong Q4 results - Check target - Markets | Latest News Updates

MCX share price: Multi-Commodity Exchange of India Limited (MCX), India’s leading commodity derivatives exchange, posted its Q4 results on May 11. The company’s consolidated net profit jumped 291 per cent year-on-year to Rs 530 crore, compared to Rs 135 crore in the same quarter last year. Strong trading volumes, a surge in derivatives trading, and increased activity in the commodity markets all benefited from the company’s results.

The brokerage firm, Elara Capital, revised its rating to ‘Accumulate’ from ‘Buy’ and set a target price of Rs 3,409. Here’s why:

MCX share price: MOSL on MCX

The brokerage firm, Motilal Oswal Financial Services (MOSL) maintained a ‘Neutral’ rating on the stock while raising the target price to Rs 2,850 from the earlier Rs 2,780. Here’s why:

MCX reports a strong Q4 with revenue up almost 3x the previous year. The company’s consolidated net profit jumped 291 per cent year-on-year to Rs 530 crore, compared to Rs 135 crore in the same quarter last year. Strong trading volumes, a surge in derivatives trading, and increased activity in the commodity markets all benefited from the company’s results.

The company also announced a final dividend of Rs 8 per share of face value Rs 2 for the fiscal year 2025-26. However, final approval will be given by shareholders at the upcoming AGM.

Also read: Canara Bank Share Price: Most brokerages bullish on bank stock despite weak Q4 results, Morgan Stanley rates Underweight – Check target

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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