Archies zooms after private firm buys 2 lakh shares

Torero Capital Private Ltd acquired 200,000 shares of Archies at an average price of Rs 30.20 per share on NSE

Archies zoomed over 12% to Rs 34.45, after hitting a 52-week high of Rs 35.30 on the BSE, following acquisition of the company's shares by a private firm through a bulk deal on the National Stock Exchange.

Torero Capital Private Ltd acquired 200,000 shares of Archies at an average price of Rs 30.20 per share through a bulk deal on Thursday , data on the National Stock Exchange showed

Recently, the company announced that it has revamped its, e-commerce platform, archiesonline.com, making it more user friendly and in line with the existing Indian ecommerce websites to attract customers.

The stock opened at Rs 32 and hit a high of Rs 35.30 so far on the BSE. Over 3.7 million shares were traded on both the stock exchanges so far.