Arrow Coated Products is currently trading at Rs. 32.80, up by 0.60 points or 1.86% from its previous closing of Rs. 32.20 on the BSE.
The scrip opened at Rs. 32.80 and has touched a high and low of Rs. 32.80 and Rs. 32.80 respectively. So far 2183 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 32.20 on 02-Dec-2013 and a 52 week low of Rs. 7.85 on 26-Feb-2013.
Last one week high and low of the scrip stood at Rs. 32.20 and Rs. 24.30 respectively. The current market cap of the company is Rs. 38.51 crore.
The promoters holding in the company stood at 74.19% while Institutions and Non-Institutions held 0.18% and 25.63% respectively.
Arrow Coated Products has received an approval to acquire manufacturing unit of Avery Bio-Tech located at GIDC Industrial Estate, Ankleshwar in state of Gujarat. The board of directors at its meeting held on November 30, 2013 approved for the same.
The company shall enter into an agreement with Avery Bio-Tech to acquire the stocks, machinery, land and building situated at Ankleshwar, Gujarat, on such terms and conditions as may be consider appropriate and in the best interest of the company. The above would be subject to due and satisfactory fulfillment of conditions precedent and receipt of such government approval, if any.
Arrow Coated Products has a total of 27 Granted Patents in India, US, Europe, Eurasia, Africa, and Australia. Arrow is prosecuting several other patents in other countries.
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