Motilal Oswal - MOSL: Morning India (28/March/18): 1. Persistent Systems; 2. MCX; 3. GSK Consumer; 4. EcoScope

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Motilal Oswal

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MOSL: Morning India (28/March/18): 1. Persistent Systems; 2. MCX; 3. GSK Consumer; 4. EcoScope

MOrning India (28/March/18): 1. Persistent Systems; 2. MCX; 3. GSK Consumer; 4. EcoScope

Today’s top research idea

MCX: Opportunity in adversity?

Multiple concerns (competition, options volumes, CBI investigation) in recent past have weighed on MCX as concerns for the stock, dragging down valuations 25% since January 1, 2018.
However, three factors drive our attraction at current levels (1) SEBI's recent circular restriction aggression of potential competition through Liquidity enhancement scheme (2) Strong pick up in 4QFY18 volume of 16% QoQ and 19% YoY and (3) Limited bearing of current investigations on MCX operations.
We see pick up in Options as the key remnant concern for the company, which may ensue once options are allowed in more commodities - due in the near future.

Piping hot news

Fortis sells hospital business to Manipal, TPG Capital

After months of intense negotiations, the board of Fortis Healthcare Ltd late on Tuesday night announced the sale of its hospital assets to Manipal Health Enterprises Pvt. Ltd and buyout firm TPG Capital. The Fortis Healthcare board has also approved the sale of its 20% stake in SRL Diagnostics to Manipal Hospitals.

28/03/2018 24 EN

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MOSL: Morning India (28/March/18): 1. Persistent Systems; 2. MCX; 3. GSK Consumer; 4. EcoScope

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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