MCX - Multi Commodity Exchange of India

paran

Active member
#42
Anyone still tracking MCX India? Yesterday it fell around 6% and recently around 20%. Unfortunately just day before yesterday bought it at 1078 :hmmmm2: :(.

I couldn't find any bad news except the demonetization effect on volumes. If that's the ONLY case, then I think may be 20~25% return is possible in a year.

Any other views on this?
 

paran

Active member
#43
Is anyone tracking MCX?

Very poor Q3 results and stock is down around ~10% in 2days.

This stock is bleeding in my portfolio (worst performer compared to all the holdings, -20%).

@Alchemist,
Recently SEBI approved to setup the universal exchange.

Who will be the big beneficiary because of this announcement (i.e. NSE or BSE or MCX)?

Will the consolidation happen in the stock exchanges in the future like telecom?

What do you feel about the sector going forward?

PS: MCX is 3.5% of my direct equity holding portfolio.
 

Alchemist

Administrator
Staff member
#44
Who will be the big beneficiary because of this announcement (i.e. NSE or BSE or MCX)?

Will the consolidation happen in the stock exchanges in the future like telecom?
I feel NSE will be the biggest beneficiary. NSE has a good track record in destroying competition and I won't be surprised if MCX goes the same way as BSE.

I don't expect any consolidation. Most big commodity traders already have access to NSE/BSE and may just shift their trading to NSE if NSE offers better trading options and increased liquidity.

My brother has some MCX shares in his portfolio. I will look at the quarterly results and update in 2-3 days.
 

paran

Active member
#45
I will look at the quarterly results and update in 2-3 days.
Okay, wait for your analysis.

The reason MCX mentioned for the big loss in debt instrument was due to sudden spike in the bond prices.

If that's true, then BSE also would face the similar situation as it also has cash in it's books and should have debt investment :frown:.
 
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