ICICI Direct:  Continued Price Volatility To Aid Turnover, Earnings Of MCX
Employees monitor stocks at a brokerage firm in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg) 

ICICI Direct: Continued Price Volatility To Aid Turnover, Earnings Of MCX

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Multi Commodity Exchange of India Ltd. reported an operationally healthy set of Q2 FY21 numbers led by strong revenue growth and steady opex.

However, lower other income and higher tax rate arrested profit after tax growth.

Average daily turnover of commodity futures contracts jumped 10% YoY, 64.9% QoQ to Rs 38144 crore in Q2 FY21.

Total volume of contracts (in lots) as on September 2020 was at approximately 6.1 crore versus approximately 4.2 crore in June 2020.

The company reported a sharp increase in its market share by approximately 418 basis points YoY to 97.05%.

Click on the attachment to read the full report:

ICICI Direct MCX Company Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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