MCX is under our screening since it is regulated by SEBI. This is the only listed stock exchange in India. They have a very stable business model. Currently having a market capitalization of just above 6000 Cr. We expect this company to outperform with a target of Rs. 2500 in next 2 to 3 years. Following are the major reasons:
- This is the biggest commodity exchange of India.
- With new products like options trading, turnover might multiply in the coming years.
- Valuations are still not very expensive.
- Increased awareness about financial products.