MCX shares rise 2% as JPMorgan upgrades, raises target price after this Sebi proposal

Shares of Multi Commodity Exchange (MCX) rose more than 2% after Sebi proposed widening foreign portfolio investors access to physically settled non-agricultural commodity derivatives. JPMorgan upgraded MCX to ‘Overweight , and Jefferies retained a ‘Buy rating, citing the potential for higher trading volumes and earnings.

Raccontata daeconomictimes.indiatimes.com