Control Print clarifies on news regarding development of land

With reference to the news item appearing in a leading financial daily titled "Surges on talk of capital gain" stating "Company is on the verge of securing over Rs 25/- Crore from Videojet as one-time settlement for termination of its distribution arrangement", Control Print India Ltd has clarified that the Company has not accepted any amount from Videojet and shall continue to be Coding and Marking Solution Provider as already stated.

As regard to news "The Company is planning to develop its 1.5 acres in Mumbai for commercial purpose" the Company does not comment on speculative media reports.

The Company keeps on evaluating growth and diversification opportunities. The Company shall intimate the Stock Exchange, shareholders and Media about any material development in the business of the Company.

The stock closed the day at Rs.72.10, down by Rs.0.50 or 0.69%. The stock hit an intraday high of Rs.76.85 and low of Rs.71.65.

The total traded quantity was 229441 compared to 2 week average of 151029.

Source : Equity Bulls

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