Arrow Coated Products is currently trading at Rs. 523.00, up by 52.50 points or 11.16% from its previous closing of Rs. 470.50 on the BSE.
The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 540.00 and Rs. 474.00 respectively. So far 30,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 590.00 on 31-Dec-2014 and a 52 week low of Rs. 106.00 on 27-Aug-2014.
Last one week high and low of the scrip stood at Rs. 540.00 and Rs. 350.00 respectively. The current market cap of the company is Rs. 614.00 crore.
The promoters holding in the company stood at 70.95% while Institutions and Non-Institutions held 0.17% and 28.88% respectively.
Arrow Coated Products (ACPL) has entered into a Memorandum of Understanding (MoU) with Misapor AG, based in Switzerland with an objective to manufacture and deal in Green Technology Products, focused on saving Earth’s resources. Arrow Coated Products and Misapor will incorporate a Joint Venture (JV) Company in India with majority share holding belonging to Arrow.
Arrow Coated Products is manufacturer of Cast water soluble film. Misapor AG, is having a technology of manufacturing of foamed glass based Misapor building materials and fillers, used for Infrastructure projects like Roads, Bridges, Housing, Airports etc.
Arrow is planning to manufacture and market Misapor products and technology to the Asian markets, including India and Mid-east markets, including UAE, Qatar, and Saudi Arabia etc.
