Main reason for mcx under performance in recent times in my opinion is
(1) No promoters and it is currently managed by former govt bureaucrats who dont like to loose control and allow professional management like kotak etc to manage the affairs. They has tendencies to increase management salaries etc and no much concern for long term shareholders value creation.
(2) After FMC Sebi merger scenarios it may possible that NSE , BSE etc may start commodity trading similar to stock trading and available in all existing share trading platforms and separate commodity platform may not be a competitive advantage
(3) Recent Govt of India gold bond schemes offer a good alternatives to hedge gold and earn even small interest for many small jewelers and need for future trading in gold may be impacted. There is fear that in future these kind of more schemes may be launched which impact gold future trading needs.
| Subscribe To Our Free Newsletter |
