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Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue. Profit after tax declined twenty-two percent sequentially while revenue also dropped. However, profit surged one hundred three percent year-on-year with strong trading volumes. Operational milestones included significant growth in average daily turnover and active clients. MCX remains dominant domest….
MCX shares fall 4% after Q1 profit falls 22% QoQ to Rs 413 crore. What should investors do?
Impact Score
Market Sentiment
↑BullishPrimary Sectors
Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue. Profit after tax declined twenty-two percent sequentially while revenue also dropped. However, profit surged one hundred three percent year-on-year with strong trading volumes. Operational milestones included significant growth in average daily turnover and active clients. MCX remains dominant domest…
Key Highlights
Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue.
Profit after tax declined twenty-two percent sequentially while revenue also dropped.
However, profit surged one hundred three percent year-on-year with strong trading volumes.
Source
Economic Times
Published
2h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
What this means
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