Archies Ltd gets Rs. 5.02 crore from insurance claim

On 14th day of February, 2019, a fire incident occurred at the Corporate Office Premises of Archies Ltd causing damage to Property, Plant and Equipment and Inventory.

The Company had claimed Rs. 5.11 Crores for this fire loss from Oriental Insurance Company Limited and the Insurance Company has released the Insurance Claim of Rs. 5.02 Crores to the Company.

Shares of ARCHIES LTD. was last trading in BSE at Rs.14.29 as compared to the previous close of Rs. 14.46. The total number of shares traded during the day was 11693 in over 62 trades.

The stock hit an intraday high of Rs. 14.5 and intraday low of 14.29. The net turnover during the day was Rs. 168442.

Source : Equity Bulls

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