MOSL: Morning India (21/June/17)-1. MCX (Reform ball set rolling)-2. Fortis Healthcare (Possibility of three-step value) 3. Financials
​MOrning India (21/June/17): 1. MCX (Reform ball set rolling); 2. Fortis Healthcare (Possibility of three-step value unlocking); 3. Financials (Punjab loan waiver to cost less than INR200b)
Today’s top research idea
MCX: Reform ball set rolling; multiple other opportunities in the pipeline post options introduction
-We met with Mr Mrugank Paranjape, CEO of MCX, to discuss (i) recent and upcoming regulatory changes that would mark the introduction of new products, participants and opportunities for exchanges and (ii) MCX's strategy and positioning to capitalize on these opportunities.
-Recent guidelines around the introduction of options make nine of MCX's commodities eligible. With technology needs in place and the filing of SEBI approval days away, MCX expects option trading to commence in August 2017.
-Several other reforms are expected to follow suit that would result in increased participation and asset classes, providing potential triggers for a boost in volume. Operational leverage resulting out of a stable cost structure is likely to result in a multiplier effect on operational earnings.
Piping hot news
GST impact already resulting in higher tax compliance, says Arun Jaitley
Finance minister Arun Jaitley said on Tuesday that the planned shift to the goods and service tax (GST) from 1 July has already led to higher tax compliance, pointing to the benefits the unified indirect tax will bring to the economy.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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