Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue. Profit after tax declined twenty-two percent sequentially while revenue also dropped. However, profit surged one hundred three percent year-on-year with strong trading volumes. Operational milestones included significant growth in average daily turnover and active clients. MCX remains dominant domestically and a major global commodity derivatives exchange.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while