Vikas Lifecare surges as its agro business division secures orders worth Rs 11 crore
Vikas Lifecare is currently trading at Rs. 5.58, up by 0.21 points or 3.91% from its previous closing of Rs. 5.37 on the BSE.
The scrip opened at Rs. 5.50 and has touched a high and low of Rs. 5.63 and Rs. 5.45 respectively. So far 5460878 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 7.92 on 23-Jan-2024 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. 5.63 and Rs. 4.90 respectively. The current market cap of the company is Rs. 985.99 crore.
The promoters holding in the company stood at 11.39%, while Institutions and Non-Institutions held 10.49% and 78.13% respectively.
Vikas Lifecare’s agro business division has received fresh orders for Premium nuts valued at about Rs 11 crore. These orders will be completed within the first quarter of the current fiscal. The Agro Business Division of the Company has set a target to achieve Rs 450 crore during the current fiscal year, as compared to the Rs 360 crore achieved during 2023-24, targeting a 20% growth Year-on-Year.
Earlier, its agro business division had bagged an order for rice, valued about Rs 50 crore, bolstering its presence in the premium and organic rice segments.
Vikas Lifecare is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubber.