The Economic Times News

MCX shares rise 3% to hover near record high as Morgan Stanley upgrades stock to equal weight

MCX shares rose on Wednesday, nearing their 52-week high after Morgan Stanley upgraded the stock to Equal Weight and raised its target from Rs 6,710 to Rs 11,135. The brokerage highlighted a sharp rise in Average Daily Transaction Revenue, driven largely by gold and silver volatility, which contributed around 55% to ADTR in the past three months.