The Economic Times News

MCX stock & the metals mania: Volatility is winning but how much upside is really left?

Multi Commodity Exchange of India Ltd (MCX) shares have surged, driven by persistent commodity volatility rather than just price increases. Analysts emphasize that trading volumes, not commodity prices, fuel MCX's earnings, with operating leverage kicking in when activity remains elevated. The sustainability of this volatility dividend and its impact on MCX's valuation are key investor concerns.