MCX can move to Rs 1250-1300: SP Tulsian

Multi Commodity Exchange of India (MCX) can move to Rs 1250-1300 in next six months, says SP Tulsian of sptulsian.com.

Tulsian told CNBC-TV18, "My long-term view on MCX is positive, maybe with a view of about 6-12 months. I gave a recommendation when it was ruling at close to about Rs 900 or so. So I see a good potential coming in."
He further said, "Earlier you had that Commodities Transaction Tax (CTT) and all that which has been levied in this Budget. I don’t think that those things are all behind, in fact in this last couple of months stock has gone under-owned. Many of the people have exited the stock. This is now seen under accumulation maybe for last about one week or so."
"The stock touched a high of Rs 1,000 a couple of days back. So I am keeping my positive stance. Maybe in the next one month or so I can see a price of close to about Rs 1,100 plus. If somebody keeps a view of about six months or so this stock can move to Rs 1,250-1,300," Tulsian added.