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'Buy' MCX Shares Maintains HDFC Securities, Hikes Target Price — Here's Why
Stocks To Buy: HDFC Securities maintains Buy on MCX with a target price of Rs 9,040, based on 45x June-27E core EPS.
25 Jun 2025, 12:43 PM IST 
MCX's stock has traded at an average one-year forward P/E of ~44x and is currently trading at a P/E of 53/44x FY26/27E EPS. (Photo: NDTV Profit)
The rising volumes, stable tech platform, regulatory tailwinds, and the option value linked to the launch of new products have resulted in MCX's outperformance, which the brokerage believes will continue.
