The shares of this microcap company jumped around 2 percent in Tuesday’s trading session after collaborating with DRDO, IIT Delhi, and CSIR-NPL for the Development of Nano Composites for EMI Shielding Applications.
Price Movement:
With a market capitalization of Rs. 839 crores, the shares of Vikas Lifecare Ltd started Tuesday’s trading session on a flatter note at Rs. 4.87. During the trading session, the shares hit a high of Rs. 4.98, gaining around 2 percent and are currently trading at Rs. 4.92 apiece.
What Happened:
Such a positive movement in the share price was observed after the company in an exchange filing announced a strategic collaboration with the Defence Electronic Applications Laboratory (DEAL), under the Defence Research and Development Organisation (DRDO), the Indian Institute of Technology (IIT), New Delhi, and the CSIR-National Physical Laboratory (CSIR-NPL).
This partnership aims to advance the development of Nanocomposites for EMI shielding applications, targeting a broad range of commercial, military, and scientific electronic devices, and communication instruments.
The company also stated that using advanced materials like MWCNT, graphene, nano ferrites, and silver and copper nanoparticles is anticipated to enhance performance, meeting the demanding standards of various critical applications.
Also read
Financials:
Looking at the company’s financial performance, the revenue decreased by around 30 percent from 131.54 crores during the March quarter to Rs. 92.09 crores in the June quarter. On the other hand, the net losses of the company increased from Rs. 2.03 crores to Rs. 2.91 crores during the same period.
Other Details:
To enhance the growth trajectory, the company is exploring opportunities to expand its businesses via acquiring going businesses and processing facilities.
Previously, Vikas Lifecare had acquired Agro Products processing facilities in Karnataka and Uttar Pradesh which has helped fast-track the company’s capacities and capabilities and enabled it to cater to a wider market.
Moreover, as a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with various consumer products including FMCG, Agro, and Infrastructure Products.
Additionally, the company’s subsidiary Genesis Gas Solutions has formed a joint venture called JV IGL Genesis Technologies with Indraprastha Gas (IGL) in the Ratio of 49:51 to set up a smart meter manufacturing unit in Noida, Uttar Pradesh with an investment of Rs 108 crores.
Company Profile:
Headquartered in New Delhi, Vikas Lifecare Ltd was incorporated in 1995. The company is conventionally engaged in various business segments i.e. Polymer and Rubber Commodity (bulk consumption) Compounds and Master Batches, post-consumer waste materials, and FMCG.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
