Hold Financial Technologies at current level: G Chokkalingam

In a chat with ET Now, G Chokkalingam, Founder, Equinomics Research & Advisory Pvt Ltd, shares his views on Financial Technologies:

ET Now: Have you looked at Financial Technologies the last few days and this news bit about Tech Mahindra and FT and all the other news surrounding it what would you do with FT now?

G Chokkalingam: I would suggest to hold on current level because where the deal happens are now, if you look at the balance sheet and the cash and investments in various exchange businesses. I firmly believe that it is worth even in the worst case somewhere around Rs 450 so therefore fundamentally speaking one should hold on to the stock.