InvestorQ : Would it be a good idea to buy MCX at the current market price considering its solid performance in this quarter?
Angel dcosta made post

Would it be a good idea to buy MCX at the current market price considering its solid performance in this quarter?

Answer
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Juvina Maggie answered.
1 year ago


MCX reported a 78% growth in its profits to Rs.60.95 crore while total income for the quarter was up by 15% at Rs.111 crore. While the stock has done well and dominates with a market share of over 90% in the commodity trading overall, the stock has tended to disappoint in the past. Commodity volumes have been under pressure since the imposition of CTT in 2013 and this has been their best year in terms of volumes. Pressure on MCX will build up with NSE and BSE also permitted into commodities. Any long call on the stock will have to be taken very cautiously.