MCX shares under pressure after Morgan Stanley projects 37% downside

According to Morgan Stanley, average daily transaction revenue (ADTR) saw a sharp spike in October to ₹9.5 crore, before moderating to ₹8 crore over the past 10 days. The brokerage said that if this higher ADTR is sustained, there could be a meaningful upside risk to earnings-per-share forecasts.

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