Veerhealth Care is currently trading at Rs 2.60, up by 0.40 points or 18.18% from its previous closing of Rs 2.20 on the BSE.
The scrip opened at Rs 2.60 and has touched a high and low of Rs. 2.60 and Rs. 2.17 respectively. So far 20 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.50 on 07-Nov-2014 and a 52 week low of Rs. 1.80 on 11-Jun-2015.
Last one week high and low of the scrip stood at Rs. 2.80 and Rs. 2.13 respectively. The current market cap of the company is Rs. 18.03 crore.
The promoters holding in the company stood at 38.30% while Non-Institutions held 61.70%.
Veerhealth Care has signed a Memorandum of Understanding (MOU) with Rajnish Hot Deals for developing and manufacturing Ayurvedic Range of hair products at its Changodar Factory, Ahmedabad. The product range would be in the form of Oil, Tablet and Capsule under the brand name of Madamrit Oil, Madamrit Tablet and Madamrit Capsule respectively.
Madamrit hair oil is developed through Kshir Pak Vidhi Using 27 conventional herbs like, Brahmi, Aritha, Chanothi, etc. This is an effective remedy for hair fall, dandruff, weak roots, split ends, hair breakage, dryness, white hair, etc. This new introduction would help company to increase its turnover and profits in the current financial year.
Veerhealth Care (formerly known as Niyati Industries) was originally engaged mainly in business of trading and investing in shares and securities. The management of the company has decided to diversify the business activities and changed its main object from Leasing and Finance to Pharma sector and new name of the company is VeerHealth Care.
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