Ambika Cotton, a leading player in the cotton industry, saw its stock price surge by 6% after India’s Finance Minister announced plans for a five-year mission aimed at boosting cotton productivity. This initiative is expected to significantly enhance the country’s cotton production and strengthen the domestic industry.
Ambika Cotton’s strong market presence positions it to benefit from this upcoming boost in productivity, making it a stock to watch in the coming months.
Ambika Cotton shares opened at ₹1,525.05, slightly up from the previous close of ₹1,522.25. The stock reached a high of ₹1,688.00 and a low of ₹1,507.65 during the day. Over the past year, the stock has experienced fluctuations, with its 52-week low at ₹1,385.65 and its 52-week high at ₹2,197.65, showcasing its potential for growth and volatility in the market.
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