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India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Buy Financial Technologies: will GAIN a lot after MCX IPO (even after current run up)
Our target for Financial Technologies India Ltd (FTIL) is RS 1,200 (30%+ upside from current level of Rs 910). Even though stock has risen from 500 levels in Dec to 900 levels now; there is PLENTY of upside left
FTIL now holds 31.2 per cent stake in MCX, which will come down to about 26 per cent after the IPO. MCX is trying to rope in anchor investor in the public offering. MCX will be the first exchange in India to go public. CRISIL has rated IPO Grade 5 for this IPO indicating at strong fundamentals of the company
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Buy Financial Technologies: will GAIN a lot after MCX IPO (even after current run up)
Our target for Financial Technologies India Ltd (FTIL) is RS 1,200 (30%+ upside from current level of Rs 910). Even though stock has risen from 500 levels in Dec to 900 levels now; there is PLENTY of upside left
FTIL now holds 31.2 per cent stake in MCX, which will come down to about 26 per cent after the IPO. MCX is trying to rope in anchor investor in the public offering. MCX will be the first exchange in India to go public. CRISIL has rated IPO Grade 5 for this IPO indicating at strong fundamentals of the company
Hi I found this on net -
ReplyDeleteMCX holds 5 % in Dubai Gold and Commodity Exchange and the book value of this investment was Rs. 2.185 Cr as of December 31, 2011; 100 % in MCX Clearing Corporation Ltd; 5 % in MCX SX; 26 % in MCX-SX Clearing Corporation Ltd; 51 % in SME Exchange of India Ltd with initial investment of Rs. 5,10,000 . Get more details here http://bhavikkshah.blogspot.in/2012/02/mcx-multi-commodity-exchange-ipo.html