Stcok Idea – Fin Tech.
Published on Wednesday, September 3rd, 2008 at 11:42 AMAuthor: chiro (406 Articles)
Stock Idea From: – www.indianmoneyplus.com
Scrip: – Financial Technology.
BSE Code: – 526881
CMP: - 1421.35
Market Cap: – 6,522.36 Cr
52 Week H/L : – 2855.00 – 1340.00
Summary: -
Financial Technology one of the favourate of investors floated by Mr. Jignesh Shah.
Financial technology has many products working in the financial trading markets. . It has products like ODIN, Inet.net, iWin, FXDirect, etc. These cover all stages of trading – pre trade, trade and post trade. These products cater to Exchanges, Brokers, AMCs,, Depositories, Custodians, Banks, etc.
Financial technologies has set up two commodity exchanges Multi Commodity Exchange (MCX) and Dubai Gold and Commodity Exchange (DGCX). Over the next few years the commodities market is expected to experience exponential growth and Financial Technologies should be a huge beneficiary.
And Also has Stake in Singapore Mercantile Exchange.
Analysis: -
I am recomending this scrip as MCX IPO is awaiting to enter the markets.
The total value of India’s agri produce is equal to US $ 85 billion. Assuming a multiple of 10 times to the commodities futures market the total size should be to the order of US $ 850 billion. It stands at less then US $b 2 billion today.
Financial: -
At a PE of 6.78 the stock looks attractive and cheep.
Paid a divident of 200% this year on a FV of 2.
” This is a best scrip only for Long Term Investors”
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