Introduction:
Penny stock has partnered with Magicpin to redefine gifting, merging expertise in personalized gifts with a digital platform. The collaboration targets tech-savvy shoppers, offering exclusive discounts while boosting visibility and engagement across Magicpin’s extensive hyperlocal marketplace..
Share Price movement of Archies:
On January 13, 2025, Archies Ltd opened at ₹23.00, down 3.93% from its previous close of ₹23.42. The stock reached a high of ₹23.24 and a low of ₹22.24. By midday, it traded at ₹22.50, with a market cap of ₹76.01 crore.
Archie’s new partnership:
Archies Limited has partnered with Magicpin to enhance its gifting experience by merging its expertise in personalized gifts with Magicpin’s digital platform. This collaboration targets tech-savvy shoppers, providing exclusive discounts and greater visibility for Archies through Magicpin’s hyperlocal marketplace.
The partnership aims to expand Archies’ reach across 20 cities with Magicpin’s 10 million users. Seasonal campaigns and promotions will amplify engagement during peak gifting seasons, modernizing Archies’ customer engagement strategies and strengthening Magicpin’s portfolio with Archies’ trusted gifting solutions.
Both brands will measure success through key performance indicators such as sales growth, customer engagement, and repeat purchases. This collaboration leverages the combined strengths of Archies and Magicpin to redefine the gifting market for digital audiences, driving mutual growth and value.
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Recent news About Archies :
On December 26, 2024, Archies announced its expansion into the GCC market through a partnership with Al Hasnae Gifts. Operations have begun in the UAE, with plans to expand into Oman, Saudi Arabia, and Bahrain, enhancing its Middle Eastern presence.
Stock performance of Archies for Period of 1 week, 6 months and 1 year:
Over the past week, Archies’ stock declined by 3.10%. The six-month performance shows a further dip of 9.99%, while the yearly trend reflects a significant decrease of 22.6%, highlighting ongoing challenges for the company’s stock over these periods.
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Shareholding pattern of Archies:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 62.25 | 62.25 | 62.25 |
| FII | 0 | 0.3 | 0.3 |
| DII | 0.22 | 0.22 | 0.22 |
| Retail & others | 37.52 | 37.24 | 37.22 |
About Archies:
Archies, a legacy brand established in the social expression industry, specializes in gifting solutions such as greeting cards, personalized gifts, and accessories. The company operates both offline and online, catering to a diverse customer base with innovative and thoughtful offerings.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
