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Porinju Veliyath's firm buys 4 lakh shares in Archies, shares surge

Porinju Veliyath's firm buys 4 lakh shares in Archies, shares surge

Tuesday, April 11, 2017, 10:13 AM

Shares of Archies surged over 7% and hit their fresh 52-week high of Rs 36.25 in early trade on Tuesday after smallcaps czar Porinju Veliyath-led Equity Intelligence India on Monday bought 4,00,000 shares of the company at Rs 29.15 a share on NSE. With market capitalization of around Rs 120 crore, the scrip was trading 7.30% up at Rs 36 around 9.17 am (IST).
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