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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-06-23||Arrow Greentech Ltd.||Nirmal Bang Institutional||467.70||467.70 (-89.29%)|
Nirmal Bang Institutional
We had a meeting with Mr. Shilpan Patel, chairman and managing director, and Mr. Hitesh Punglia, chief financial officer of Arrow Greentech or AGL (earlier Arrow Coated Products), to understand its business model and future growth prospects. The management sounded confident about the company's innovative products, the share it commands in domestic market and the IP (Intellectual Property) monetisation route it has taken since FY13 to generate revenues. AGL operates in a niche segment of cast water soluble films and is one of the leading manufacturers in the world with its manufacturing facility located in Ankleshwar, Gujarat, with the current capacity at...