MCX share price: The stock market has been topsy-turvy for the last few trading sessions and market experts believe that a major reason behind it is the FIIs not being happy with the budget surcharge being levied by the Modi 2.0 Government on the FPIs. However, the market experts are also of the opinion that current weakness in the markets is mainly due to the FII selloff, which is sentimental. Fundamentally, stocks are still strong and they won't go much down from current levels. MCX is one such stock. As per the market experts, MCX share price is expected to rise to the tune of near 7 per cent in one month and they are even advising investors to add on dips till it sustains above Rs 820 per stock levels.

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Speaking on the MCX share price outlook Simi Bhaumik, a SEBI registered technical equity expert told Zee Business Online, "Those who are holding this stock can go long as the counter may become bullish after sustaining above Rs 865 per stock levels. Once, it breaks the 865 resistance, it may go up to Rs 920 per stock levels in short-term means one month." However, she said that she won't advise stock market investors to buy MCX share at current market price as it is currently trading in the range of Rs 820 to Rs 865 levels. She advised stock market investors to wait for a few trade session and take a buy position when it reaches in the range of Rs 840 per stock levels.

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However, if we go by the HDFC Securities detailed research report it suggests stock market investors buy MCX shares at current levels and hold it for one year for near 22 per cent returns. The research report says, "We estimate 18 per cent revenues CAGR (Cumulative Average Growth Returns) led by a strong rise in volumes over FY19-21E. Strong revenues coupled with margin expansion would ensure 15 per cent PAT (profit after tax) CAGR over FY19-21E. PAT CAGR is slow compared to EBITDA (earnings before interest, tax, depreciation and amortization) as we have taken steady Other Income and higher tax rate for the next two years." 

On the suggestion to the stock market investors, the HDFC research report says that an investor can buy the counter at current levels of Rs 856 per MCX shares and add on dips from Rs 802 to Rs 856 levels. The counter would show around Rs 1048 per stock levels in one year.