OICHARTS
8 AMThe 8 AM report →
Financial ServicesPre-market

UBS raises MCX price target to ₹12,000 on earnings

pre-market1 source ↓written by the desknot a recommendation

₹12,000
₹10,000
from Monday's close
26%
earnings annualized
₹320 per share

UBS has raised its price target for Multi Commodity Exchange to ₹12,000, up from ₹10,000, indicating a potential upside of nearly 26% from Monday's close. The bank cites strong earnings momentum, with October earnings annualized at ₹320 per share, significantly above market estimates for FY26 and FY27. This reflects robust trading activity driven by high bullion prices and new product launches.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 4 Nov 2025, 09:03 IST.

Sourcesnews.google.com

The market after the news

MCX closed −2.1% on the day of the news, from ₹9,526.50 to ₹9,325.50; Nifty −0.6% over the same session; futures OI −4.4%.

Bulletin at 09:03 IST on 4 Nov 2025. Every change is measured from ₹9,526.50, the last close before it, on 3 Nov. Nifty 50 is measured over the same sessions.

  • MCX close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
MCX closes around the bulletin against the close before the news, with Nifty 50 rebased to it8082952710971axis spans 36%before the news · 3 Nov9527Nifty 50MCXbulletinD0+1+3+528 Oct10 Nov19 NovFutures open interest, lotspeak 25,000Reference close ₹9,526.50. 16 sessions from 28 Oct to 19 Nov; the price axis spans 36 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Nov₹9,526.50basebase
On the day4 Nov₹9,325.50▼ −2.1%▼ −0.6%−1.5 pp difference
+1 session6 Nov₹9,250.50▼ −2.9%▼ −1.0%−1.9 pp difference
+3 sessions10 Nov₹9,530.500.0%▼ −0.7%+0.8 pp difference
+5 sessions12 Nov₹9,432.00▼ −1.0%▲ +0.4%−1.4 pp difference
Gap at the open, % · ₹
▲ +1.0%+98.12 on 4 Nov
Day's range, % · ₹
3.4%≈ 320 high to low
Volume on the day
0.70×the 20-session average
Futures OI on the day
▼ −4.4%−960 lots · long unwinding · price −2.1%
Futures OI open, lots
21,0004 Nov · 25 Nov expiry
Futures premium, ₹
+27.00+0.3% to spot
Puts per call, by OI
0.66from 0.71 the session before
Max pain
9,100from 9,100 the session before

Source NSE UDiFF bhavcopy · MCX on the desk →

Related