Vikas Lifecare surges as its arm bags orders for supplying Ultra Sonic Gas Meters
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Vikas Lifecare is currently trading at Rs. 3.39, up by 0.09 points or 2.73% from its previous closing of Rs. 3.30 on the BSE.
The scrip opened at Rs. 3.40 and has touched a high and low of Rs. 3.59 and Rs. 3.31 respectively. So far 10207718 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 6.84 on 17-Jun-2022 and a 52 week low of Rs. 2.66 on 24-May-2023.
Last one week high and low of the scrip stood at Rs. 3.59 and Rs. 2.85 respectively. The current market cap of the company is Rs. 490.46 crore.
The promoters holding in the company stood at 11.36%, while Institutions and Non-Institutions held 0.33% and 88.31% respectively.
Vikas Lifecare’s wholly owned subsidiary -- Genesis Gas Solutions has bagged orders for supplying Ultra Sonic Gas Meters to Indraprastha Gas (IGL), one of India’s leading City Gas Distribution companies. These Ultra Sonic Meters will be deployed to the first ever project of IGL for custody applications, which is one of the largest business segments for Natural Gas supply to Industrial and Commercial applications.
Genesis had earlier received orders for ultrasonic Meters for Field Regulating Skid (FRS) for City Gas Distribution Companies during April 2023.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
