MCX Q4 Review - Near-Term Blip; Long-Term Opportunities Intact: Motilal Oswal

A trader works at a stock exchange. (Photographer: Michael Nagle/Bloomberg)

MCX Q4 Review - Near-Term Blip; Long-Term Opportunities Intact: Motilal Oswal

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.

Motilal Oswal Report

Multi Commodity Exchange of India Ltd.'s Q4 FY21 saw further normalisation in bullion volumes, largely driven by 11%/15% sequential decline in gold/silver volumes.

This was partially offset by a 56% sequential increase in crude volumes on the reversal of the higher margin requirements imposed earlier.

Overall average daily turnover dipped 3% QoQ, leading to 4% sequential decline in revenue.

The impact on volumes during the quarter was the result of the second phase of implementation of new margin rules (50% of peak margin requirement) from March 01.

March volumes fell 16% month-on-month as the number of retail participants declined.

Click on the attachment to read the full report:

Motilal Oswal MCX Q4FY21 Result Update.pdf

DISCLAIMER

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 author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.