Arrow Coated surges on entering into supply agreement with Careli

24 Dec 2014

Arrow Coated Products is currently trading at Rs. 488.70, up by 23.25 points or 5.00% from its previous closing of Rs. 465.45 on the BSE.

The scrip opened at Rs. 465.90 and has touched a high and low of Rs. 488.70 and Rs. 460.00 respectively. So far 12180 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 475.00 on 23-Dec-2014 and a 52 week low of Rs. 24.95 on 16-Jan-2014.

Last one week high and low of the scrip stood at Rs. 475.00 and Rs. 355.00 respectively. The current market cap of the company is Rs. 563.52 crore.

The promoters holding in the company stood at 74.15 % while Institutions and Non-Institutions held 0.17 % and 25.68 % respectively.

Arrow Coated Products (ACPL) has entered into an exclusive supply agreement with Careli, a company incorporated in Spain. The company had earlier in April received a grant for patent titled ‘Water Soluble Film Based Matrix’ from US Patent Office.

Arrow Coated Products is pioneer in manufacturing Water Soluble Film by a unique method using detachable liners. The company’s RND department has many years experience in Coatings, Security Printing, and casting films since many years. It has a total of 30 Granted Patents in India, US, Europe, Eurasia, Africa, and Australia. It is also prosecuting several other patents in other countries.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323