 "Archies rallies over 25% in two days on stake buy by Equity Intelligence")
Archies rallied 9% to Rs 36.50, extending its Monday’s 20% surge on the National Stock Exchange (NSE) after Equity Intelligence India Private Limited acquired more than one percentage point stake in the company through open market transaction.
Portfolio management services (PMS) Equity Intelligence is headed by Ace Investor Porinju Veliyath.
According to NSE bulk deals data, on Monday, April 10, 2017, Equity Intelligence Private Limited bought 400,000 equity shares of Archies at an average price of Rs 29.15 per share.
The stock of Archies trading at its 52-week high level has rallied 57% in past six trading sessions from Rs 23.30 on March 31, 2017.
Archies is engaged in manufacturing and trading of a wide range of cards, stationery and gifts items under the brand name Archies.
At 9:47 am; the stock was up 6.5% to Rs 35.75 on the NSE. The trading volumes on the counter more than doubled with a combined 3.76 million shares changed hands on the NSE and BSE so far.
Portfolio management services (PMS) Equity Intelligence is headed by Ace Investor Porinju Veliyath.
According to NSE bulk deals data, on Monday, April 10, 2017, Equity Intelligence Private Limited bought 400,000 equity shares of Archies at an average price of Rs 29.15 per share.
The stock of Archies trading at its 52-week high level has rallied 57% in past six trading sessions from Rs 23.30 on March 31, 2017.
Archies is engaged in manufacturing and trading of a wide range of cards, stationery and gifts items under the brand name Archies.
At 9:47 am; the stock was up 6.5% to Rs 35.75 on the NSE. The trading volumes on the counter more than doubled with a combined 3.76 million shares changed hands on the NSE and BSE so far.
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