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Vikas Lifecare rises as its arm bags orders worth Rs 3.10 crore

11 Feb 2022 Evaluate

Vikas Lifecare is currently trading at Rs. 6.26, up by 0.29 points or 4.86% from its previous closing of Rs. 5.97 on the BSE.

The scrip opened at Rs. 6.26 and has touched a high and low of Rs. 6.26 and Rs. 6.00 respectively. So far 505995 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 2.25 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 7.24 and Rs. 5.97 respectively. The current market cap of the company is Rs. 660.18 crore.

The promoters holding in the company stood at 14.81%, while Institutions and Non-Institutions held 0.01% and 85.18% respectively.

Vikas Lifecare’s subsidiary -- Genesis Gas Solutions (Genesis) has bagged orders to supply 30000 plus gas meters valued around Rs 3.10 crore. The company has received orders from Gujarat Gas, the India’s largest city gas distribution company.

Vikas Lifecare recently announced acquisition of 75% equity of Genesis which is engaged in the business of developing ‘Smart Products’ including Smart Gas Meters & Power Distribution solutions for the infrastructure segment.

Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.

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