MCX a good buy for long-term investors: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities Pvt Ltd shares his views on MCX and HOEC.



ET Now What is you call on MCX?

Sudip Bandyopadhyay: If you are looking at a slightly medium-to-long term, it is definitely a good buy. It went through a tough period and now it has come out of it. The company is getting a stable management, the MD has been appointed so all this augurs well.



The specific news flow which cause this upside is of course the possibility of CTT being removed in the Budget. If this does happen, it will be good for the commodity market, it will be good for MCX in particular.

In addition, there are expectations that the government will take the FCRA amendment bill whereby the options in commodities will be allowed if that happens and when that happens it will be a game changer for MCX. Thus investors, with a slightly medium to long term view can safely get into this stock even at current levels.