Upper circuit alert: Porinju Veliyath bought 1,59,332 shares of this multibagger micro-cap stock; reports 265 per cent increase in net sales!
Shares of the company have gained about 60 per cent in the last six months.
Shares of Arrow Greentech Limited were locked in the upper circuit on Thursday, gaining 20.00 per cent. The stock has witnessed heavy buying activity from investors today. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 60 per cent. Ace investor Porinju Veliyath has bought 1.06 per cent or 1,59,332 shares of the company.
Arrow Greentech Limited which was incorporated in 1992, the founders of this business recognized the advantages of patents and innovation to ensure a sustainable future and widen the customers' scope into maximum environmental care. The very first Water Soluble Film (now branded Watersol) by Arrow was introduced in the mid-nineties. The company’s high degree of specialization and quality of service helped it become one of the most well-established companies in India and placed us as a potential player in the world map of green packaging technologies.
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The company has 30 Patents granted across the Globe including India, the UK, the USA, South Africa, Europe, Eurasia and Russia. The company Caters to the Niche Market and is one of the largest manufacturers of Water-Soluble Films in India. The company has a presence in Europe, Asia, North & South America and Africa with mainly 3 supply points located in India, the United Kingdom and South America.
The sales and revenue for the company are constantly increasing, with net sales growing by 265 per cent quarterly. Arrow Greentech Limited has also delivered multibagger returns to its shareholders in the last one year of over 240 per cent.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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