Archies share jumped more than 14% after the company set sights on global expansion. The stock stock opened at ₹30.80. The stock hit a day high of ₹36.70 and a low of ₹30.80. The company’s market capitalization reached ₹118.57 crore. Archies’s 52-week high is ₹42.50, while the 52-week low is ₹22.00.
Archies, a legacy brand in the social expression sector for decades, is starting on a new phase of its journey. Known for bringing emotion to life with its vast collection of greeting cards, gifts and other products, the brand is now embracing the fast-changing landscape of retail with its entry into the quick commerce industry.
In the exchange filing, the company shared, “The brand is also setting its sights on global expansion, aiming to enter countries where the Indian diaspora is heavily represented. Markets like the Middle East, UK, Canada, and Southeast Asia are on the radar. Archies plans to tap into these regions through channel partners, bringing its beloved brand of social expression to international shores. The strategy is simple, where there are Indians, there is an opportunity for Archies to thrive, creating a bridge between cultures and emotions.”
As of 11:46 am, Archies shares were trading 13.89% higher at Rs 35.18 on the NSE.
