Arrow Coated Products (ACPL) jumped on Thursday after it entered into an exclusive agreement with Trace Tag International (UK) for the integration and use of Tracetag's DNA taggants within security documents.

ACPL has granted patent rights in various countries, including India and part of its security patents portfolio includes security films for the manufacturing of high security paper such as banknote, passport and non-judicial stamp papers, or for brand protection application.

Shares of the company are trading at Rs 102.80, up Rs 4.85, or 4.95% at the Bombay Stock Exchange (BSE) on Thursday at 1:02 p.m.

The scrip has touched an intra-day high of Rs 102.80 and low of Rs 101.90. The total volume of shares traded at the BSE is 18,903.