Camson Bio gains after inking MoU with Kerala Cardamom Processing and Marketing Company

Camson Bio Technologies rose 1.22% to Rs 91 at 15:30 IST on BSE after the company announced the signing of a memorandum of understanding with Kerala Cardamom Processing and Marketing Company.

The announcement was made during trading hours today, 31 March 2015.

Meanwhile, the BSE Sensex was down 32.95 points, or 0.12% to 27,942.91.

On BSE, so far 40,236 shares were traded in the counter of IPR driven agri-biotechnology company compared with an average volume of 57,157 shares in the past one quarter.

The stock hit high of Rs 93.80 and low of Rs 89.20.

Kerala Cardamom Processing and Marketing Company (KCPMC), formed and managed by group of progressive planter families from Kerala and Tamilnadu, is a leading organisation in the field of Agri-input distribution. It is the countries largest Cardamom Auctioneer and has set strong foot across the upmarket country in domestic trade of Cardamom and in exports too.

Mr. P.C Punnose, General Manager, KCPMC feels that this arrangement with Camson will help the Cardamom farmers immensely and also encourage export of the produce.

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