I have been following this stock since 2012. But always found something lacking. Today while going through my old notes, I found a motilal oswal report from 2012-13.MCX and Financial Technologies
I checked iex 2013 motilal oswal share price estimation which came to INR91. Current market price is 140. Calculating you get a return rate of 3.75% per annum. Let us go for best circumstances before market coupling CMP was INR210. That results in a rate of 7.31% per annum. So in a 13 year period this stock has returned at best 7.31% and on ground reality 3.75%. I would have been better off keeping my money in savings account in bank. This stock fulfills all criteria to be called as a long term wealth destroyer.
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