Archidply Industries is currently trading at Rs 15.70, up by 0.16 points or 1.03% from its previous closing of Rs 15.54 on the BSE.

The scrip opened at Rs 15.70 and has touched a high and low of Rs 15.70 and Rs 15.00 respectively. So far 7613 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 40.50 on 27-Oct-2010 and a 52 week low of Rs. 9.55 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs 15.70 and Rs 13.50 respectively. The current market cap of the company is Rs 34.29 crore.

The promoters holding in the company stood at 69.69% while Non-Institutions held 30.31% stake in the company.

ICRA has revised and suspended the rating assigned to the Rs 102.62 crore bank facilities of “Archidply Industries” (AIL) from LB+ /A4 to “ICRA D”. The revised ratings take into account the stretched liquidity position of the company and continued delays in debt servicing following cash flow mismatches. The suspension follows ICRA’s inability to carry out a rating surveillance in the absence of the requisite information from the company.

According to its suspension policy, ICRA may suspend any rating outstanding if in its opinion there is insufficient information to assess such rating during the surveillance exercise.

AIL is in the business of manufacturing and marketing of Wood panel products. AIL has its manufacturing facilities located at Mysore and Chintamani in Karnataka and at Rudrapur in Uttaranchal with a total installed capacity of 150 and 100 lac sq mt each of plywood and pre-laminated particle board.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323