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Ricoh India gains on partnering with Snapdeal for A4 Printer sales

28 Feb 2015 Evaluate

Ricoh India is currently trading at Rs. 503.80, up by 6.70 points or 1.35 % from its previous closing of Rs. 497.10 on the BSE.

The scrip opened at Rs. 499.00 and has touched a high and low of Rs. 508.80 and Rs. 495.10 respectively. So far 2989 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 570.00 on 25-Feb-2015 and a 52 week low of Rs. 112.05 on 20-Jun-2014.

Last one week high and low of the scrip stood at Rs. 570.00 and Rs. 485.00 respectively. The current market cap of the company is Rs. 1989.20 crore.

The promoters holding in the company stood at 73.60 % while Institutions and Non-Institutions held 3.13 % and 23.27 % respectively.

Keeping in mind its current and potential customers demand for Laser printers and A4 MFP’s (Multifunction printers), Ricoh India, a market leader in Printing & Document solutions and IT services, has entered into partnership with Snapdeal e-commerce portal for the sales of A4 printer models - SP111 series, SP210SU and SP300DN.

Highlighting the features of SP111 - it is comprises of best suitable for consumers such as Genuine refill toner, Eco Saving, High Productivity and Hassle free printing experience. Altogether it is a pocket friendly device inclusive of all great features. Similarly, SP 210SU is a A4 Multifunction device equipped with Genuine refill toner, Direct Scan to pen Drive, Color Scanning, 22 PPM Print speed and Duty cycle of 20000 pages per month.  SP 300DN is a low TCO A4 Laser printer with in-built Duplex and Network capability.

The company has not issued authorition of sales of their printers on any of the other e-commerce websites like Flipkart, Amazon, Infibeam etc. Moreover, Ricoh’s A4 printer models will not have any guarantee or authenticity if they are purchased from any other e-commerce sites in terms of its quality, specifications, price and performance.

Ricoh India is a leading global player in the area of imaging solutions like Digital Plain Paper Copiers, Colour Plain Paper Copiers, Colour & Mono Lazer Printers, Fax machines, Thermal paper etc.

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