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Arrow Greentech surges on receiving grant for patent from United States patent office

29 Sep 2016

Arrow Greentech is currently trading at Rs. 507.95, up by 5.70 points or 1.13% from its previous closing of Rs. 502.25 on the BSE.

The scrip opened at Rs. 519.00 and has touched a high and low of Rs. 519.00 and Rs. 502.00 respectively. So far 2987 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. 381.75 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 519.00 and Rs. 449.00 respectively. The current market cap of the company is Rs. 598.97 crore.

The promoters holding in the company stood at 70.95%, while institutions and non-institutions held 0.53% and 28.51% respectively.

Arrow Greentech has received one more United States Patent and Trademark Office (USPTO) Patent grant titled ‘Self Destructive Irreversible Security Packaging Film’ from the United States Patent Office on September 27, 2016. The patent was filed through PCT route on September 12, 2006.

This technology will lead to control of counterfeits and will ultimately benefit the society in the long run. A grant by USPTO means that company can approach the US market with more precision. In India, this patent has been used since last two years, by the company.

Arrow Greentech 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