MCX stock: Room for more?
Mint Ahmedabad
|January 02, 2026
Precious saviour MCX could make up for the q-o-q drop in energy trading revenue in Q2FY26, owing to the rise in bullion trading revenue.
Just as the surge in gold and silver prices has caught many by surprise, so too has the rally in Multi Commodity Exchange of India Ltd (MCX), whose stock scaled an all-time high of ₹11,219 on Monday.
The exchange’s five-for-one stock split will take effect on 2 January, lowering the share price mechanically, but not valuation. That has already expanded sharply, with MCX shares rising nearly 80% in 2025.
Brokerages are still scrambling to catch up. Motilal Oswal Financial Services raised its FY27 EPS estimate by 27% after Q2FY26 results, pointing to strong volume growth in bullion contracts. Morgan Stanley followed this week, hiking its target price for MCX stock by a striking 66% to ₹1,135. The upgrade reflects a re-rating of the price-to-earnings multiple rather than a dramatic shift in earnings expectations: the brokerage lifted its FY27 earnings per share (EPS) estimate by 20%.
Diese Geschichte stammt aus der January 02, 2026-Ausgabe von Mint Ahmedabad.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Ahmedabad
Mint Ahmedabad
LEG PIECE
Suri went away, borrowing Mukund Mama's money and leg, leaving his devoted wife in the care of her parents, until he returned to repay his debt. But life had other plans
9 mins
January 03, 2026
Mint Ahmedabad
Centre may extend 5% concessional duty on lithium-ion cells
The Centre is considering extending the 5% concessional basic customs duty (BCD) on lithium ion cells used in battery packs for electric vehicles (EVs) for another two years in the upcoming Union budget, according to two people familiar with the matter, as domestic manufacturing has failed to gain momentum.
2 mins
January 03, 2026
Mint Ahmedabad
Grok kicks off safe harbour protection debate
morph photographs of people into sexually explicit content, Grok’s public usage policy allows for such content generation as long as it is strictly based on user prompts—and not hallucinated by the platform itself.
1 mins
January 03, 2026
Mint Ahmedabad
Policies tear auto sector apart
The industry remains deeply divided over key government proposals to improve fuel efficiency and cut vehicular emissions
4 mins
January 03, 2026
Mint Ahmedabad
'Ikkis' is a war film on a peace mission
Sriram Raghavan's film about an eager young soldier in the 1971 war argues for shared values and humanity
4 mins
January 03, 2026
Mint Ahmedabad
New milestone awaits India's data centre bet
Investments in data centres in India, which are said to be the factories and storage houses of digital data and artificial intelligence (AI) models, are set to grow by up to 20% next year, following a record 2025.
1 min
January 03, 2026
Mint Ahmedabad
Why bans won't work
Legal restrictions cannot realistically protect a generation that has been born into an always-online world
2 mins
January 03, 2026
Mint Ahmedabad
Add a punch of flavour with 'sarson'
My gardening hobby has its ebbs and flows.
3 mins
January 03, 2026
Mint Ahmedabad
LUCKY'S
Lucky Dhamija, cocky in bell bottoms and shiny shirt, couldn't stop honking his brand new Maruti 800 a
8 mins
January 03, 2026
Mint Ahmedabad
The man who invented the world wide web
Heading to a mentor’s funeral in Greece in August 2001, Tim Berners-Lee found himself and a colleague flying right over the Parthenon, “the two of us peering out of the window to the Agora steps where Socrates conducted his dialogues.”
5 mins
January 03, 2026
Listen
Translate
Change font size