Penny stock engaged in trading, manufacturing, and marketing research-based ayurvedic medicines, oral care & personal care products jumped upto 4 percent in the day’s trade upon receiving a work order worth Rs. 1.65 Crores.
With a market capitalization of Rs. 42 Crores, the shares of Veerhealth Care Limited were trading at Rs. 20.60, up 0.49 percent from its previous day’s close price of Rs. 20.50.
Veerhealth Care Limited has received an Export Order worth Rs. 1.65 Crores for the Manufacture & Supply of Oral Care Products from one of the top institutional supplier Companies in the United States of America.
Veerhealth Care Limited has earlier successfully manufactured and exported a Preliminary Sample Order of oral care products following which it has received the new work order and it is to be executed within 3 months.
In Addition to this, it had recently received a work order worth Rs. 57.36 Lakhs from Apollo Healthco Limited for the production and delivery of ‘AP Essentials Advanced Hair Care Shampoo’ and ‘AP Essentials Advanced Hair Care Conditioner,’ thereby expanding the Company’s range of hair care products supplied to Apollo Healthco Limited
Veer Healthcare Limited is engaged in the business of trading, manufacturing, and marketing research-based ayurvedic medicines, oral care products & personal care products.
It has been successfully manufacturing and exporting various types of oral care products to East African countries and it will further expand in the USA markets which would further open up other markets worldwide for the manufacturing and supply of Oral Care products.
Its Revenue from operations grew by 4.36 percent from Rs. 2.75 Crores in Q3FY23 to Rs. 2.87 Crores in Q3FY24, accompanied by profits of Rs. 33 Lakhs to Rs. 19 Lakhs.
Its product categories include skincare, haircare, fragrances, body care, healthcare, oral care, accessories and many more. The products include hair oil, shampoo, pain relief oil, tablets, syrups creams, lip balm, moisturizing lotion, face packs, body wash, face wash, and many more.
Written by Bharath KS
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