Regulatory tailwinds to boost growth for MCX, says HDFC Securities, retains Buy for 18% gains

HDFC Securities kept its Buy rating on MCX with a Rs 3,600 target. The firm said regulatory easing and new index options will boost volumes and earnings. Analysts noted, "These developments amplify our earlier thesis of sustained options growth," expecting an 18% gain from the August 18 price of Rs 3,040.