Wednesday, February 06, 2008
Financial Technologies MCX IPO
Financial Technologies unlike other software companies is not dependent on arbitrage business from the US , but it is growing doing genuine business in India and abroad. Holder of MCX and Dubai Bullion Exchange ( dont know the exact name) it is also major player in providing exchange technology. MCX is going to get listed and also Fintech is divesting its stake at attractive valuations, causing funds to be available to the company. For long term perspective since the management is good and efficient and intelligent , since the company has the talent i have put my money on this stock. This stock has run up quite a bit in last to last year and has consolidated for a long period , MCX ipo can act as catalyst or trigger for the next bull run. So watch for this stock folks as for a period of 5 years, it can give you some handsome return, may wht the market behaves.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment