Alok Industries enters into agreement with US based company

Alok Industries Ltd has announced that the Company has entered into Trademark Licence Agreement with PEACOCK ALLEY, INC a Texas Corporation located in USA vide which the Company has been granted exclusive, limited licence to use trade marks of Peacock Alley Inc. to manufacture, produce, and sell their Licensed Products in India. Peacock Alley is amongst the leading brands for bed linen in the USA.

The stock was trading at Rs.63.15, up by Re.0.70 or 1.12%. The stock hit an intraday high of Rs.63.45 and low of Rs.62.20. The total traded quantity was 52755 shares compared to 2 week average of 71729.

Source : Equity Bulls

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