Arrow Greentech soars on receiving grant for patent from Australia patent office

29 Jun 2016

Arrow Greentech is currently trading at Rs 500.50, up by 11.90 points or 2.44% from its previous closing of Rs 488.60 on the BSE.

The scrip opened at Rs 490.00 and has touched a high and low of Rs 511.35 and Rs 490.00 respectively. So far 4651 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 861.00 on 23-Dec-2015 and a 52 week low of Rs 350.00 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs 496.85 and Rs 443.70 respectively. The current market cap of the company is Rs 587.58 crore.

The promoters holding in the company stood at 70.95%, while Institutions and Non-Institutions held 0.38% and 28.67% respectively.

Arrow Greentech (AGTL) has received a grant for patent titled ‘Method of Manufacturing Embedded Water Soluble Film Carrier’ patent No. 2012201719, dated 23rd June 2016 from Australia patent office. Prior to this patent, the company has a grant for a product patent for actives embedded water soluble films.

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
Research Analyst - INH000000719

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