Penny Stock Below Rs 10 Surges 7% On Order Win By Subsidiary Company

Vikas Lifecare Ltd.'s shares began trading on the BSE on Thursday at Rs. 6.32 a share and rose to an intraday high of Rs. 6.77, recording a 7.12% intraday gain. Following the popular commercial orders that subsidiary company Genesis Gas Solutions Private Limited (GGSPL) obtained for the most advanced, state-of-the-art, ultrasonic gas meters, the penny stock below Rs 10 saw a positive move in the morning session.

"Ultrasonic Gas Meters are leaps and bounds ahead in terms of accuracy, reliability and life span as compared to the conventional mechanical gas meters. Ultrasonic meters are being replaced worldwide to bring down commercial gas losses (LUAG). Due to high gas prices, these meters are today the obvious choice for gas companies to recover their investment into continuous gas supply to industrial and commercial gas customers," said Vikas Lifecare in a stock exchange filing.

Based on the well-known Ultrasonic Technology, which has been tried and proven in the harshest testing environments and crucial locations around the globe, these meters are a super speciality product. The first installation of these provided meters will take place at Avantika Gas.

Traditionally involved in the production and distribution of polymer and rubber compounds, as well as specialty additives for plastics and synthetic and natural rubber, Vikas Lifecare Limited (VLL) holds an ISO 9001:2015 certification. Commodities: Polymer and Rubber (bulk consumption) Compounds and Master-Batches (manufacturing up-cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE, etc.); fulfilling the conglomerates' mandatory EPR obligations; supporting the Government of India's environment protection initiatives.
The stock market has been notified by Vikas Life Care Limited that the results of the board meeting, which took place on Tuesday, February 13, were approved for the third quarter of the current fiscal year.

Vikas LifeCare Limited's profit before tax for the December quarter was Rs 3.011 crore, compared to Rs 7.80 crore for the prior quarter and Rs 3.47 crore for the third quarter of the previous fiscal year. The stock market has been notified by Vikas Life Care Limited that its revenue from operations for the third quarter of the current financial year was Rs 99.27 crore. This compares to Rs 116.02 crore for the previous quarter and Rs 133.94 crore for the third quarter of the previous financial year.