Penny stock engaged in the business of dealing in Gifts, Stationery Products, and many more across its network, jumps upto 3 percent in the day’s trade upon receiving an order worth Rs. 78.60 Lakhs.
With a market capitalization of Rs. 107 Crores, the shares of Archies Limited closed at Rs. 31.95, up 0.47 percent from its previous day’s close price of Rs. 31.80.
Archies Limited has secured a purchase order worth Rs. 78.60 Lakhs from Daks India Industries Private Limited for the supply of Paper Bags, along with a credit of 60 days after delivery, and the said order is to be executed by April 30, 2024.
Archies Limited is engaged in the business of dealing in Greeting Cards, Gifts, and Stationery Products across its network comprising, owned Stores, Franchisee, Distributors, and Retailers
It also provides solutions from book printing, and offset book printing, to binding services. With expertise in preliminary concept designing, pre-press, printing production, and professional bookbinding
The segment revenue breakup of 2022-2023, consisting of Gifts contributing 50.29 percent, Stationery and Paper Bag 35.83 percent, Greeting Cards 10.65 percent, and Others 3.23 percent.
Its revenue from operations grew by 11.45 percent from Rs. 77.04 Crores in FY22 to Rs. 85.86 Crores in FY23, accompanied by a loss of Rs. 2.63 Crore to a profit of Rs. 2.41 Crore.
Written by: Bharath K.S
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