Avoid Financial Technologies, MCX: Aashish Tater

Aashish Tater of fortunewizard.com told CNBC-TV18, "For Financial Technologies it would be very difficult right now to even access what is the fair value of this particular stock is. The problem is that when there is trouble, nobody knows how deep it is – all we can do is avoid this particular stock. People who are trying to take this particular risk they can go for something like buying options."

He further added, "Multi Commodity Exchange of India (MCX) could be a very interesting bet but even there we would not be recommending a buy even at current levels because the stock has actually gone up sharply. There were media reports and buzz that possible take over and talks of that particular exchange being taken over. But we will still say that it is better to go for something else which is relatively stable and is not as high volatile as this is because if it is a circuit stock every day it opens up or down then there is a problem, one cannot get an exit easily."
"For Financial Technologies it is relatively impossible for small players to manage volatility of 20 percent plus in a week’s time. In both the cases we would suggest that one should be avoiding even after what has right now come up."