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MCX Consensus Forecast

No. of reports in last year
6
No. of analysts
2
Average Consensus Forecast
1132
Consensus Potential
-14.90%

MCX Price Target Potential

BrokerageTargetPotential
Motilal Oswal14008.81%
HDFC Securities1175-8.65%

MCX Targets in FrontPage Forums

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MCX Ratings

Long term MCX rating by FrontPage users
5/5 (5 Ratings)

6 MCX share price target reports by brokerages below. See what is analyst's view on MCX share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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MCX Share Price Target

MCX Share Price Target - Broker Reports - 2020

31-Mar-20
Price @ Call: 1112.94
Target: 1400
BUY

MCX Share Price Target - Broker Reports - 2019

17-Oct-19
Price @ Call: 1026.7
Target: 1250
BUY
We expect volume/revenue/earnings CAGR (FY19-21) of 22%/24%/28%. Over the past few months, sentiment around MCX reversed from that of competition concerns to one of optimism largely driven by growth in bullion volumes. Its monopolistic market share has remained intact and it now ruled out the possibility of a price cut, which was earlier on the anvil. We upgrade our FY20 earnings estimate by 11%, largely led by operative leverage. Our TP of INR1,250 discounts forward earnings by 25x and implies a 23% upside. Maintain Buy.
... Read more
17-Oct-19
Price @ Call: 1026.7
Target: 1175
BUY
We maintain BUY on MCX based on in-line revenue and margin beat in 2QFY20. Market share (94%) is increasing despite rise in competition. Embedded non-linearity and cost control is leading to margin expansion. We assign 30x to core Sep 21 PAT and add net cash (20% discount) to arrive at SoTP of Rs 1,175 (16% upside).
... Read more
5-Sep-19
Price @ Call: 864.94
Target: 1000
BUY
We expect volume/revenue/earnings CAGR (FY19-21) of 15%/15%/17%. Over the last few months, sentiment around MCX has reversed from concerns around competition from the likes of BSE, to one of optimism, driven by multiple factors feeding into volumes growth. Its monopolistic market share has remained intact, and MCX has now ruled out the possibility of a price cut, which was earlier on the anvil. Our TP of INR 1,000 discounts forward earnings by 25x and implies a 15% upside. Maintain Buy.
... Read more
22-Jul-19
Price @ Call: 866.07
Target: 1005
BUY
We estimate 18% revenues cagr led by strong rise in volumes over FY19-21E. EBITDA is estimated to see 37% cagr led by operating leverage tailwinds. Margin is expected to surge ~11% to 42% for FY21E. Strong revenues coupled with margin expansion would ensure 15% PAT cagr over FY19-21E. PAT cagr is slow compared to EBITDA as we have taken steady Other Income and higher tax rate for the next two years. Owing to these factors, we are positive on MCX and recommend a buy on the stock at the current market price of Rs.856 with and add on declines to Rs 802 for sequential target price of Rs 962 and Rs 1048, valued using SoTP at 34x FY21 Core PAT + Net Cash.
... Read more
19-Jul-19
Price @ Call: 871
Target: 962
BUY
Growing steadily.. We maintain BUY on MCX based on in-line 1QFY20. The company has maintained market share despite increasing competition. Embedded non-linearity and cost control is leading to margin expansion. Regulatory tailwinds will boost volumes further. We assign 30x to core FY21E PAT and add net cash to arrive at SoTP of Rs 962 (13% upside).
... Read more
26-Apr-19
Price @ Call: 826.12
Target: 950
BUY
Growth on track.. We maintain BUY on MCX on in-line 4QFY19. The company has increased market share despite increasing competition. Cost control was impressive, led to margin expansion. We assign 30x to core FY21E PAT and add net cash to arrive at SoTP of Rs 950 (19% upside).
... Read more
26-Apr-19
Price @ Call: 826.12
Target: 950
BUY
Valuation View. We expect volume/revenue/earnings CAGR (FY19-21) of 20%/15%/15%. Over the last few months, sentiment around MCX has reversed from concerns around competition from the likes of BSE, to one of optimism, driven by multiple factors feeding into volumes growth. Its monopolistic market share has remained intact, and MCX has now ruled out the possibility of a price cut, which was earlier on the anvil. We raise our earnings estimate by 4.1%/3.5% for FY20/21, led by a lower tax rate. Our price target of INR950 discounts forward earnings by 25x and implies an 19% upside. Maintain Buy.
... Read more
16-Jan-19
Price @ Call: 763.5
Target: 957
BUY
16-Jan-19
Price @ Call: 763.5
Target: 900
BUY

MCX Share Price Target - Broker Reports - 2018

24-Oct-18
Price @ Call: 742
Target: 875
BUY
19-Sep-18
Price @ Call: 783
Target: 1000
BUY
31-Jul-18
Price @ Call: 834.25
Target: 1015
BUY
23-Jul-18
Price @ Call: 798.2
Target: 1050
BUY
23-Jul-18
Price @ Call: 798.2
Target: 908
HOLD
20-Jul-18
Price @ Call: 796.93
Target: 1000
BUY
30-Apr-18
Price @ Call: 786.8
Target: 1040
BUY
2-May-18
Price @ Call: 779.05
Target: 975
HOLD
28-Apr-18
Price @ Call: 795.2
Target: 1020
BUY
28-Mar-18
Price @ Call: 688.1
Target: 1050
BUY
16-Feb-18
Price @ Call: 738.53
Target: 1100
BUY
17-Jan-18
Price @ Call: 896.4
Target: 1165
BUY
17-Jan-18
Price @ Call: 896.4
Target: 975
HOLD
17-Jan-18
Price @ Call: 896.4
Target: 1100
BUY

MCX Share Price Target - Broker Reports - 2017

6-Dec-17
Price @ Call: 906.85
Target: 1300
BUY
14-Nov-17
Price @ Call: 951
Target: 1300
BUY
2-Nov-17
Price @ Call: 1032.85
Target: 1280
BUY
16-Oct-17
Price @ Call: 1132.55
Target: 1310
BUY
16-Oct-17
Price @ Call: 1132.55
Target: 1300
BUY
19-Jul-17
Price @ Call: 1106.04
Target: 1302
BUY
17-Jul-17
Price @ Call: 1090.15
Target: 1310
BUY
14-Jul-17
Price @ Call: 1079
Target: 1300
BUY
20-Jun-17
Price @ Call: 1122.5
Target: 1326
BUY
13-Jun-17
Price @ Call: 1047
Target: 1300
BUY
4-May-17
Price @ Call: 1153
Target: 1325
BUY
9-May-17
Price @ Call: 1128
Target: 1397
BUY
5-May-17
Price @ Call: 1155
Target: 1558
BUY
9-May-17
Price @ Call: 1130
Target: 1455
BUY
31-Mar-17
Price @ Call: 1204
Target: 1505
BUY
16-Jan-17
Price @ Call: 1187
Target: 1520
BUY

MCX Share Price Target - Broker Reports - 2016

5-May-16
Price @ Call: 885.1
Target: 1220
BUY
18-Nov-16
Price @ Call: 1300
Target: 1520
BUY
1-Sep-16
Price @ Call: 988
Target: 1200
BUY
2-Sep-16
Price @ Call: 994.3
Target: 1140
BUY
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  • MCX Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,323.43
    Upside Target 21,304.22
    Upside Target 11,290.43
    Pivot1,271.22
    Downside Target 11,257.43
    Downside Target 21,238.22
    Downside Target 31,224.43
  • MCX Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,360.65
    Upside Target 21,321.15
    Upside Target 11,280.45
    Pivot1,240.95
    Downside Target 11,200.25
    Downside Target 21,160.75
    Downside Target 31,120.05
  • MCX Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,573.95
    Upside Target 21,471.3
    Upside Target 11,377.6
    Pivot1,274.95
    Downside Target 11,181.25
    Downside Target 21,078.6
    Downside Target 3984.9
  • MCX Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,304.22
    Upside Target 21,291.61
    Upside Target 11,283.82
    Pivot1,271.22
    Downside Target 11,258.61
    Downside Target 21,250.82
    Downside Target 31,238.22
  • MCX Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,321.15
    Upside Target 21,290.51
    Upside Target 11,271.59
    Pivot1,240.95
    Downside Target 11,210.31
    Downside Target 21,191.39
    Downside Target 31,160.75
  • MCX Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,471.3
    Upside Target 21,396.29
    Upside Target 11,349.96
    Pivot1,274.95
    Downside Target 11,199.94
    Downside Target 21,153.61
    Downside Target 31,078.6
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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