Arrow Greentech moves up on getting patent in United Kingdom
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Arrow Greentech is currently trading at Rs. 432.25, up by 1.70 points or 0.39% from its previous closing of Rs. 430.55 on the BSE.
The scrip opened at Rs. 438.00 and has touched a high and low of Rs. 438.00 and Rs. 425.85 respectively. So far 462 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 516.40 on 31-Oct-2023 and a 52 week low of Rs. 171.75 on 13-Feb-2023.
Last one week high and low of the scrip stood at Rs. 488.90 and Rs. 421.00 respectively. The current market cap of the company is Rs. 652.18 crore.
The promoters holding in the company stood at 68.60%, while Non-Institutions held 31.40% stake in the company.
Arrow Greentech has received a grant for patent titled ‘Security Laminates to Secure Documents and Method of Manufacturing the Same’, for the territory of the United Kingdom under the provisions of the (UK) Patent Act, 1977.
The invention provides a security laminate which is transparent, inexpensive to manufacture, difficult to imitate by counterfeiters, readily evidences tampering, and is highly durable. The Patent discloses various combinations to incorporate the security elements as described therein, which may provide multiple layers of security features/elements, that enhances security of the data pages/data cards, wherein the security elements are easy to identify thereby making counterfeiting much more difficult. The Security laminates are particularly useful to provide an enhanced security of the data pages as used in identity documents such as Passports, Adhaar cards, Voter ID, Driver's licenses and on other valuable documents.
Arrow Greentech is engaged in business of bio-degradable (green) products, high-tech product and having Patents income for such products/technology. The company caters to both domestic and international markets.
