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    HomeNewsBusinessMarketsCommodity Trade: A multi-month breakout seen in Coriander

    Commodity Trade: A multi-month breakout seen in Coriander

    A breakout in RSI and a bullish crossover in MACD above its zero line support our bullish view in Coriander

    Moneycontrol Contributor
    November 30, 2023 / 06:40 IST
    Commodity Trade: A multi-month breakout seen in Coriander

    PCBL: The company has received board approval for entering into a joint venture with Australian company Kinaltek Pty. Ltd. to expand into the growing battery application market. The company will own a 51 percent shareholding in the joint venture company and will be infusing $16 million in the JV company, with a commitment to infuse funds up to $28 million in stages in the JV for setting up a manufacturing facility. The proposed transaction will be financed through a mix of internal accruals and external funds raised by the company.

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