Archies gains on installing new machines to complement paper bag production line

Archies is currently trading at Rs. 20.45, up by 0.25 points or 1.24% from its previous closing of Rs. 20.20 on the BSE.

The scrip opened at Rs. 20.70 and has touched a high and low of Rs. 20.75 and Rs. 20.45 respectively. So far 259 shares were traded on the counter.

Archies trades

Archies trades

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 25.20 on 08-Feb-2022 and a 52 week low of Rs. 14.00 on 24-Jun-2022.

Last one week high and low of the scrip stood at Rs. 21.15 and Rs. 18.40 respectively. The current market cap of the company is Rs. 70.09 crore.

The promoters holding in the company stood at 62.35%, while Institutions and Non-Institutions held 0.22% and 37.43% respectively.

Archies has installed 2 New Machines ‘Flexo Printing Machine – STARflex ST 130, 4 Color’ and ‘Slitting Machine – FQJ-1300A with Packing’ to complement its paper bag production line in order to get new avenues in the field of Paper Bags Industry and to take the company’s business globally.

The company’s extensive manufacturing and warehousing facility has made it possible to deliver products internationally. The company is going to start production through these machines with effect from October 11, 2022.

The company is leader in the social expression industry in India and deals in greeting cards, gifts and stationery Products under the brand name ‘Archies’.

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