The New-Delhi based gift and greetings major revamped its e-commerce platform archiesonline.com recently, making it more user friendly. It has appointed Deepak Thakkar as non executive director, who is an expert in IT and e-commerce.
Investors bought more shares of Archies on Monday on after on revamping e-commerce platform. The stock rallied as much as 14.6 percent to touch a 52-week high of Rs 30.60 on the Bombay Stock Exchange.
The New-Delhi based gift and greetings major revamped its e-commerce platform archiesonline.com recently, making it more user friendly. It has appointed Deepak Thakkar as non executive director, who is an expert in IT and e-commerce.
Apart from this Archies has also tied up with various e-retailers like Flipkart, Snapdeal, E-India Store, Groupon India, Saffron Art, Gift A love.com, Phoolwala.com, My flower tree, Shopclues, Indian Gifts Portal, Fern N Petals and Bookaflower.com, said the company in its filing.
In August, it received 5281 orders against 3058 orders in same period last year. "We expect archiesonline.com to be growth engine for the company in the times to come," it added.
As on date, it has 243 owned retail stores.
At 11:56 hours IST, the stock was quoting at Rs 30.00, up Rs 3.30, or 12.36 percent.
Posted by Sunil Shankar Matkar
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