Archies Up By 10%...Whats Moving The Stock

Gift articles, toys and cards seller, Archies Ltd., surged as much as 10% at 36.90 levels, hitting stock’s upper price band for the day. Porinju Veliyath's firm, Czar, bought 4 lakh shares in Archies at Rs 29.15.

Archies marked its sixth consecutive day of a rally and gained nearly 58.7% in last six trading sessions. In the previous trade the stock had breached its upper circuit and made new 52 week high at 33.7 levels. On April 10, the stock witnessed a spurt in volume by 7.39 times.  

Today the stock witnessed spurt in volumes by more than 2.78 times. 

The company has also reported its shareholding pattern for quarter ended March 2017. The pattern remained intact at 60.55%  promoters’ stake while 39.45% public shareholding.
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About Suhani Varma

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