Ricoh India soars on launching eco-friendly Multifunction Printer series

Ricoh India is currently trading at Rs. 798.00, up by 23.00 points or 2.97% from its previous closing of Rs. 775.00 on the BSE.

The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 807.00 and Rs. 791.00 respectively. So far 14980 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1072.25 on 02-Jul-2015 and a 52 week low of Rs. 247.00 on 20-Oct-2014.

Last one week high and low of the scrip stood at Rs. 807.00 and Rs. 720.25 respectively. The current market cap of the company is Rs. 3161.57 crore.

The promoters holding in the company stood at 73.60% while Institutions and Non-Institutions held 2.96% and 23.43% respectively.

Ricoh India, a leader in the field of printing & document management, IT Services & Communication Solutions, has launched its new A3 Multifunction printer series, MP 2014/ 2014D/ 2014AD. Ricoh is already the market leader in copier based Multifunction Printers (MFPs) in India and these newly launched models will help Ricoh to expand the market and further strengthen its leadership in the industry.

The Ricoh MP 2014/ MP 2014D/ MP 2014AD is an A3 black-and-white MFP with an output speed of 20ppm, providing maximum efficiency for document processing in the office. The printers are affordable, with economical initial cost as well as low operating expenses. The MFP comes equipped with superior features such as ID card scan function, ie scans both sides onto a single image file which saves time and money, short-cut keys to perform specific tasks quickly, scan to e-mail / folder with optional network card, stored print to easily store and print standardized format and special documents as and when needed. The MFP also has multiple toner line-up that the customer can choose based on their print volumes. The new MFP series is the eco-friendly feature with an Energy Saving Key that allows the device to go into sleep-mode, reducing energy consumption. Automatic Document Feeder (ARDF) makes the MP 2014ADmore cost-effective as it speeds up copying and scanning.

Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2015, Ricoh Group had worldwide sales of 2,231 billion yen (approx. $ 18.5 billion).