MCX.Is it the right time to buy?

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by saagar.abhishek, Apr 22, 2015.

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  1. saagar.abhishek

    saagar.abhishek New Member

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    Or more downside left?Should i wait for results?
     
    saagar.abhishek, Apr 22, 2015
    #1
  2. Parin Gala

    Parin Gala A long term investor

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    Rakesh Jhunjhunwala has made investment in MCX and many market analysts are bullish on the stock with a long term view
     
    Parin Gala, Apr 22, 2015
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  3. Meenakshi Razdan

    Meenakshi Razdan Administrator Staff Member Moderator

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    The important aspect is whether you are convinced by the business model of the company and especially in the light of the new management having been appointed. If you are convinced about the long-term prospects, it is best to start accumulating the stock in driblets. Trying to time the purchase is usually a futile exercise. Don't buy the stock unless you have the conviction.

    If you want material on MCX's prospects, you can read HDFC Sec's initiating coverage report. It is quite comprehensive.
     
    Meenakshi Razdan, Apr 22, 2015
    #3
  4. saurabh.dwivedi

    saurabh.dwivedi Member

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    It has good potential but last decision is yours as equity investments are subject to market risk.
    Some of observations about its business:

    1)It is good as currently it is the dominant commodity exchange,scalability is good.
    2)Dominant exchange develops competitive advantage as price discovery is good.
    3)Risk is if BSE/NSE enters commodity market as currently commodity exchange participation is very low in india , and BSE/NSE may divert the traffic away from MCX.
    4)They are dependent on FTIL for their software services and FTIL has been involved in a scam , so that can be a risk.
     
    saurabh.dwivedi, Apr 24, 2015
    #4
  5. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    I think better to wait for market to have stability before putting new funds. Situation is looking bad at present.
     
    Srouta Mukherjee, Apr 24, 2015
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  6. ayan.ghosh

    ayan.ghosh New Member

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    Agreed .... Cash is King ... I have made a mistake by investing some of my cash on Thursday ... I could have got a better deal :(

    With the MAT overhang ... as well as poor earnings season ... alongwith expiry coming next week ... i think it's better to wait ...
     
    ayan.ghosh, Apr 25, 2015
    #6
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