Archies zooms on renewing public relations services agreement with Mileage Media Mantra
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Archies is currently trading at Rs. 20.80, up by 1.08 points or 5.48% from its previous closing of Rs. 19.72 on the BSE.
The scrip opened at Rs. 21.51 and has touched a high and low of Rs. 22.80 and Rs. 20.35 respectively. So far 121066 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 29.35 on 18-Nov-2022 and a 52 week low of Rs. 14.00 on 24-Jun-2022.
Last one week high and low of the scrip stood at Rs. 22.80 and Rs. 19.00 respectively. The current market cap of the company is Rs. 71.99 crore.
The promoters holding in the company stood at 62.25%, while Institutions and Non-Institutions held 0.22% and 37.53% respectively.
Archies has renewed a Public Relations Services Agreement with Mileage Media Mantra, a communication management advisory company with effect from May 19, 2023 to provide the services related to media presence and/or product of the Company. The said agreement shall be valid for a period of 12 months from May 19, 2023 to May 18, 2024.
This Agreement shall automatically be renewed for a term equal to the current term of this agreement upon express or implied acceptance of any of the parties herein unless terminated by any of the parties herein. The term of such renewed agreement shall be the same as the term and conditions of this agreement.
The company is leader in the social expression industry in India and deals in greeting cards, gifts and stationery Products under the brand name ‘Archies’.
