MULTI COMMODITY EXCHANGE OF INDIA
We had recommended MCX in Volume no. 34, Issue no. 1 (dated October 18, 2017) when the scrip was trading at Rs 1110. Our recommendation was backed by healthy Q2FY18 performance and the launch of options trading. Many developments took place during this quarter which augured well for the company. Last month, the company launched options for trading and it is focusing to increase participation and launch more new suites of products. The company is expecting 20-25 per cent uptick in volume of traded options in the next 2-3 years. It is also planning to make entry into currencies. These factors will boost growth of the company and we urge investors to HOLD the scrip.