MCX shares surge 9% on robust Q2 results; Morgan Stanley raises price target
Updated : October 16, 2019 11:52 AM IST
The stock rose as much as 8.9 percent to its 52-week high of Rs 1,107.70 per share on the BSE.
At 10:05 am, the stock was trading 5 percent higher at Rs 1,069 as compared to a 0.2 percent or 80 points rise in the BSE Sensex at 38,586.
Morgan Stanley raised its target price for the stock to Rs 1,365 per share from Rs 1,260 earlier on higher fee realisation and lower operating costs.