Mumbai, April 13 -- The broker said MCX's business model benefits from elevated commodity price volatility since the outbreak of the Iran war. Noting that exchange volumes typically rise with a heightened volatility in commodity prices, the bourse is well-positioned as broader decline in Indian equities. Nalysts expect strong revenue growth in the current risk-off sentiment.

MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.

The company reported 150.63% year-on-year (YoY) surge in consolidated net profit to Rs ...