Morgan Stanley Boosts MCX Target by 66%, Shares Surge 78% in a Year

• MCX shares jumped nearly 3% after Morgan Stanley upgraded its rating and raised the target price by 66% to ₹11,135.
• The stock rallied to ₹11,198, ending a two-day losing streak, despite a sharp decline in gold and silver futures.
• Morgan Stanley cited increased daily transaction revenue from commodity market volatility for the 'Equal-weight' rating and higher target.
• The brokerage also raised EPS estimates for MCX by 15% (FY26), 20% (FY27), and 24% (FY28).
• MCX shares have seen strong growth, up 77% in 2025, attracting significant investor interest and higher trading volumes.

Why It Matters: Morgan Stanley's bullish upgrade and increased target price fueled a significant rally in MCX shares, highlighting strong growth prospects.