MCX and Mjunction to enter into MOU for Coal Exchange

MCX and Mjunction Services Limited have agreed to enter into a Memorandum of Understanding (MOU), with the objective to jointly explore the business opportunity and capitalize on the synergies of the two Companies by setting up a Joint Venture for running a Coal Exchange. The feasibility study shall be conducted to evaluate the viability of the opportunity. The findings shall lay the groundwork for potential future agreement between both the companies for setting up a Coal Exchange in India, subject to necessary regulatory approvals.

Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs.1510 as compared to the previous close of Rs. 1452.15. The total number of shares traded during the day was 37373 in over 2496 trades.

The stock hit an intraday high of Rs. 1512.95 and intraday low of 1447.8. The net turnover during the day was Rs. 55972042.

Source : Equity Bulls

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