Prefer MCX India for long term: Taher Badshah

Taher Badshah of Motilal Oswal Asset Management told CNBC-TV18, "Given Multi Commodity Exchange of India's kind of positioning, it is almost a monopoly in what it does."

"It is a good business if it can get some of its internal sorted out, it is already being punished quite a lot for some of the apparent corporate governance related events. Also, the fact that the impact of the securities transaction tax (STT) which is probably going to impact earnings that is probably there in the price. It is a good long-term opportunity," he said.