Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit

Small cap company Vikas Lifecare Ltd share today touched 5% upper circuit after the company bagged two back-to-back orders worth Rs 500 million and Rs 110 million, respectively. Last trading price of Vikas Lifecare share on BSE is Rs 5.37 per share. The FII-backed company has a market capitalisation of Rs 867.35 crore. Vikas Lifecare shares declined 26% in last 3-months and rallied 67% in last 1-year. More details below:

Vikas Lifecare Bags 110 Mn Order On April 23: As per the press release issued today, "Vikas Lifecare Limited Agro Business Division declared that the Karnataka processing facility received fresh orders for Premium nuts valued at about INR 110 Million. 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 INR 4500 Million during the current fiscal year, as compared to the INR 3600 Million achieved during 2023-24, targeting a 20% growth YoY."

Sandeep K Dhawan, the Managing Director praised the exceptional efforts on the part of the Agro Business Division stating that we are upbeat about the performance in the Agro Business would not be surprised if the business might as well exceed the ambitious targets set at the beginning of this current fiscal."

Vikas Lifecare Received Rs 500 Million Order On April 22: The company issued press release stating, "Vikas Lifecare Limited secured significant orders for its Agro Products Division. The division has bagged an order for rice, valued about INR 500 Million, bolstering its presence in the premium and organic rice segments. Of this present orders, INR 400 Million are attributed to premium rice varieties, while the remaining INR 100 Million represent orders for Organic Breeds of Rice."

The company's Agro Products Division has set an ambitious target of INR 4500 Million for the current F.Y., as compared to INR 3600 Million achieved in the preceding FY, targeting a 20+ % Growth on YoY Basis, added the exchange filing.

Vikas Lifecare Shares Performance: The 52-week high price of Vikas Lifecare share on BSE is Rs 7.92 per share (as on 23/01/2024) and 52-week low price is Rs 2.66 per share (as on 24/05/2023), respectively. The company has a PE -107.40 and EPS (TTM) of -0.02. Vikas Lifecare shares gave return of over 14% in last 6-months and soared 124% in last 3-years.

FIIs Stake In Vikas Lifecare: The stock has backing of FII (Foreign Institutional Investors). As of April 2024, FIIs have 10.49% stake in Vikas Lifecare with 178,480,281 shares, according to Trendlyne.

Vikas Lifecare About: Vikas Lifecare Limited (VLL) is engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubber. Polymer & Rubber Commodity (bulk consumption) Compounds and Master-Batches (Manufacturing up- cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc.), contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates consuming hundreds of thousands of tons of plastic products and packaging materials.