Vikas Lifecare surges on securing orders for Agro Products Division
Vikas Lifecare is currently trading at Rs. 5.14, up by 0.15 points or 3.01% from its previous closing of Rs. 4.99 on the BSE.
The scrip opened at Rs. 5.10 and has touched a high and low of Rs. 5.20 and Rs. 5.09 respectively. So far 426080 shares were traded on the counter.
The BSE group 'T' 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. 5.20 and Rs. 4.85 respectively. The current market cap of the company is Rs. 904.86 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 has secured significant orders for its Agro Products Division. The division has bagged an order for rice, valued about Rs 50 crore, bolstering its presence in the premium and organic rice segments. Of this present orders, Rs 40 crore are attributed to premium rice varieties, while the remaining Rs 10 crore represent orders for Organic Breeds of Rice.
The company's Agro Products Division has set an ambitious target of Rs 450 crore for the current fiscal year (FY), as compared to Rs 360 crore achieved in the preceding FY, targeting a 20+% growth on YoY Basis.
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.
