CA NeWs Beta*: Why MCX India Stock is a clear buy

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Monday, July 21, 2014

Why MCX India Stock is a clear buy

1) Rakesh Junjunwala has bought 4% stake in the company
2) Kotak Mahindra has entered into a deal with FTIL to buy 15% stake of MCX
3) Strong qtrly results are expected soon
4) It runs the largest commodity exchange in India with no notable competitors in this business.
5) Enjoys low employee cost
6) Robust management.
7) Has paid more than 200% dividend
8) Once transfer of stake sale is over bonus is expected.
9) At current price of 874 target of 1500 to 2000 is achievable within months.

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