Financial Services · MCX
Exchanges
from 2,599 today
MCX reported an EBITDA miss due to higher-than-expected operating expenses, though underlying business fundamentals remained healthy with strong volume growth. We reiterate a Neutral rating on the stock with a one-year target price of INR2,790.
MCX reported an EBITDA miss due to higher expenses, while operating revenue stood in line at INR7b. We have cut our EPS estimates for FY27/FY28 by 5%/4% respectively and reiterate a Neutral rating on the stock with a target price of INR2,790.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
