Economic TimesLean R·
MCX shares jump 4% as gold, silver futures rise. What lies ahead after a 900% rally in 3 years?
MCX shares jumped over 4% as gold, silver and copper futures rose following a US Treasury liquidity support announcement. The stock has delivered stellar returns of around 900% in three years. UBS upgraded MCX to ‘Buy’ and raised its target to Rs 3,800, while HDFC Securities retained its ‘Buy’ rating, citing regulatory easing and strong growth potential
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