Arrow Greentech soars on inking agreement with Versarien Pic

12 Jun 2018

Arrow Greentech is currently trading at Rs. 160.00, up by 4.40 points or 2.83% from its previous closing of Rs. 155.60 on the BSE.

The scrip opened at Rs. 147.85 and has touched a high and low of Rs. 162.80 and Rs. 147.85 respectively. So far 74113 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 715.00 on 07-Sep-2017 and a 52 week low of Rs. 147.85 on 12-Jun-2018.

Last one week high and low of the scrip stood at Rs. 181.40 and Rs. 147.85 respectively. The current market cap of the company is Rs. 182.67 crore.

The promoters holding in the company stood at 65.42%, while Institutions and Non-Institutions held 9.46% and 25.12% respectively.

Arrow Greentech has signed a wide ranging agreement with Versarien Pic through its subsidiary company Cambridge Graphene, covering a variety of the graphene products and activities. The agreement is for the supply of the Versarien's propriety Graphinks (graphene inks) to Arrow Greentech, for onward supply to the water-soluble film market world-wide.

Both the companies have agreed to collaborate on exploring the potential benefits of using graphene within security threads for banknotes and passports on a named-exclusive basis. Arrow Greentech will act as the company’s exclusive agent for the supply of grapheme to the tyre and associated rubber sectors in India.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323