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21-Aug2018

MCX gains on the buzz of inking MoU with Indian Cotton Federation

Multi Commodity Exchange of India is currently trading at Rs. 860.00, up by 4.75 points or 0.56% from its previous closing of Rs. 855.25 on the BSE.

The scrip opened at Rs. 865.00 and has touched a high and low of Rs. 865.00 and Rs. 853.00 respectively. So far 9857 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1159.90 on 13-Oct-2017 and a 52 week low of Rs. 665.00 on 06-Feb-2018.

Last one week high and low of the scrip stood at Rs. 873.50 and Rs. 849.00 respectively. The current market cap of the company is Rs. 4359.34 crore.

The Institutions and Non-Institutions holding in the company stood at 65.97% and 33.78% respectively.

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration in areas such as organizing awareness events for cotton value chain participants, including farmers across the southern belt, installation of price ticker board at textile parks.

ICF is a premier organisation representing the textile industry, cotton brokers and cotton growers in the country.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.


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