MCX the muli commodity exchange in India is one of the listed stock exchanges in the world.MCX is the leader in commodity trading with 75 percent market share.The book value of the company is at 260.Due to the NSEL scam that happened in 2013 the stock last year corrected sharply to a low of 238 .
Considering the recent announcement made by the finance minister in the budget 2014,which allows foreign institution and domestic institutions to trade in the Indian commodity the potential for growth in this sector is high.However there are lot of constrains.
Moreover lot of HNI investors and international fund houses are accumulating the stock .
Considering all these factors one can accumulate the stock at cmp 750 for a long term target of 2000.
Considering the recent announcement made by the finance minister in the budget 2014,which allows foreign institution and domestic institutions to trade in the Indian commodity the potential for growth in this sector is high.However there are lot of constrains.
Moreover lot of HNI investors and international fund houses are accumulating the stock .
Considering all these factors one can accumulate the stock at cmp 750 for a long term target of 2000.
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