Vikas Lifecare is currently trading at Rs. 4.36, up by 0.04 points or 0.93% from its previous closing of Rs. 4.32 on the BSE.
The scrip opened at Rs. 4.30 and has touched a high and low of Rs. 4.40 and Rs. 4.25 respectively. So far 1959572 shares were traded on the counter.
The BSE group 'B' 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. 4.05 on 18-Nov-2024.
Last one week high and low of the scrip stood at Rs. 4.40 and Rs. 4.24 respectively. The current market cap of the company is Rs. 806.79 crore.
The promoters holding in the company stood at 11.39%, while Institutions and Non-Institutions held 0.55% and 88.07% respectively.
Vikas Lifecare has established a new, state-of-the-art manufacturing facility in the Shahjahanpur RIICO Industrial Area, spanning 20,000 square feet, under the Rajasthan Investment Promotion Scheme (RIPS). Scheduled to commence operations in December 2024, this facility will specialize in manufacturing advanced commodity compounds, including EVA, ATH, Thermoplastic Rubber, and Thermoplastic Elastomer. This strategic initiative reaffirms the Company’s commitment to leveraging RIPS incentives for driving profitability and fostering regional development.
Through RIPS, the Government of Rajasthan offers several fiscal benefits, including a 9% SGST refund on products manufactured and sold within the state. Additional advantages include subsidies linked to employment generation, exemptions or deferments on duties such as electricity duty and land tax, and potential capital investment and interest subsidies. With a production capacity of 5,000 MTPA, the facility is expected to generate additional annual revenue of Rs 40-50 crore, significantly contributing to the company’s profitability and growth trajectory while strengthening its competitive position in the market.
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.
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| Rashi Peripheral | 773.20 |
| PDS | 377.35 |
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