MCX

multibagger stock: Brokerages issue cautious stance despite strong Q4 results - Check target

MCX multibagger stock: 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. Despite a jump in the net profit, brokerages such as Elara Capital and MOSL issue a cautious stance. Here’s why.