Buy MCX, price target Rs 1,400: Edelweiss

Edelweiss Financial Services has a buy call on Multi Commodity Exchange of India Ltd. with a target price of Rs 1400.0 . The current price of Multi Commodity Exchange of India Ltd. is Rs 1313.8 . Edelweiss Financial Services recommended to keep a stoploss at Rs 1240 .

Multi Commodity Exchange of India Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 6700.17 Crore) operating in Financial Services sector.

Multi Commodity Exchange of India Ltd. key Products/Revenue Segments include Fees & Other Charges which contributed Rs 286.47 Crore to Sales Value (96.01 % of Total Sales) and Other Operating Revenue which contributed Rs 11.88 Crore to Sales Value (3.98 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 89.27 Crore, down -10.86 % from last quarter Sales of Rs 100.15 Crore and up 16.04 % from last year same quarter Sales of Rs 76.93 Crore Company has reported net profit after tax of Rs 55.31 Crore in latest quarter.