Stock under Rs. 10 that has delivered multibagger returns in 6 months and engaged in the business of manufacturing and trading polymers, rubber compounds, additives, and many jumped 4 percent in the day’s trade upon receiving a work order worth Rs. 9.59 Million
With a market capitalization of Rs. 1,085 Crores, the shares of Vikas Lifecare Limited were trading at Rs. 6.72, up 4.19 percent from its previous day’s close price of Rs. 6.45.
Vikas Lifecare Limited’s subsidiary company Genesis Gas Solutions Private Limited has received orders of commercial scale worth Rs. 9.59 Million from Avantika Gas Limited to supply Advanced- State-of-The-Art Ultrasonic Gas Meters.
Ultrasonic Gas Meters are leaps and bounds ahead in terms of accuracy, reliability, and life span as compared to conventional mechanical gas meters. Ultrasonic meters are being replaced worldwide to bring down commercial gas losses.
These meters are a super specialty product, based on the world-renowned Ultrasonic Technology which has been tried and approved in the most testing conditions and critical sites worldwide
Vikas Lifecare Limited is engaged in the business of manufacturing and trading polymers, rubber compounds, additives for plastics, synthetic and natural rubber, infra, FMCG products, and agro products.
Its revenue from operations grew by 58.2 percent from Rs. 300.92 Crores in FY22 to Rs. 476.05 Crores in FY23, accompanied by a profit of Rs. 28.95 Crores to a loss of Rs. 15.51 Crores.
Written by: Bharath K.S
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