Penny stock engaged in the business of trading, manufacturing, and marketing research-based medicines jumped 7 percent in the day’s trade after it received an order worth Rs. 41.50 Lakhs.
At 10:06 a.m the shares of Veerhealth Care Limited were trading at Rs. 22.20, up 4.87 percent from its previous day’s close price of Rs. 21.17 and its market capitalization is Rs. 44.20 Crores.
Veerhealth Care Limited has received a work order worth Rs. 41.50 Lakhs for the Manufacture and supply of Oral Care Products from one of the top institutional supplier companies in the United States of America, the order should be executed within 3 months.
It has been successfully manufacturing and exporting various types of oral care products to East African countries and it will be entering the USA market which would further open up other markets worldwide for the manufacturing and supply of Oral Care products.
It has reported a return on equity (ROE) of 8.94 percent and a return on capital employed (ROCE) of 6.32 percent, it is making decent returns on its equity and capital employed.
The company’s revenue from operations grew 37.8 percent from Rs. 9.63 Crores in FY22 to Rs. 13.27 Crores in FY23, accompanied by a loss of Rs. 0.07 Crore to a profit of Rs. 1.58 Crores.
Veer Healthcare Limited is engaged in the business of trading, manufacturing, and marketing research-based ayurvedic medicines.
Written by: Bharath K.S
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