2/4/2025, 9:42:03 am

MCX Share Price: Morgan Stanley sees a 35% downside, UBS cuts target

MCX shares fell on April 2, hitting a low of ₹5,185.95 before recovering. Morgan Stanley has an 'Underweight' rating with a ₹3,400 target, implying a 35% downside. Q4 transaction revenue was ₹289 crore, down 4% quarter-on-quarter but up 60% year-on-year. UBS maintained a 'Buy' rating but lowered its target to ₹7,250. The stock closed 1.54% lower at ₹5,230 on Tuesday, down 17% in 2025.