5. MCX
Rating: Outperform
Current market price: Rs.1499.85
Target: Rs.1600
Multi Commodity Exchange of India (MCX) is an India-based electronic commodity exchange company. The Company is a de-mutualized exchange and facilitates nationwide online trading, clearing and settlement operations of commodities futures transactions. The Company operates in a single segment business. As of March 31, 2012, the Company offered futures trading in 47 commodities under various classes, including bullion, energy, ferrous and non-ferrous metals, oils and oil seeds, cereals, pulses, plantations, spices, fibers and exotics.
At present MVX is trading at Rs.1499.85and its previous close value was Rs.1505.10 in BSE. Its 52 week high is Rs.838.00 and 52 week low has been Rs.1616.00.
6. McLeod Russel
Rating: Outperform
Current market price: Rs.347.25
Target: Rs.390
McLeod Russel India (McLeod Russel) is an India-based company. The Company, together with its subsidiaries, is a tea plantation company. McLeod Russel is engaged in the cultivation, processing and sale of tea. The Company primarily produces crushed, torn and curled (CTC) tea and the Orthodox variety. The Company, with its subsidiaries, produced 103 million kilograms of tea during the fiscal year ended March 31, 2012.
At present McLeod Russel is trading at Rs.347.25 and its previous close value was Rs.348.10. Its 52 week high is Rs.372.00 and 52 week low has been Rs.175.05. Its average trading volume is 281,751.
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