Vikas Lifecare Share Price | Inflation has increased so much these days that people’s pockets are empty when they go to the market. Investing and saving means making compromises somewhere. Nowadays even vada pav is not available for 10 rupees. But there are some shares, which are available at half the price of Rs 10 and also provide investors with huge returns.
Today in this article we are going to learn about one such stock. The name of this company is Vikas Lifecare. The shares of this company are currently trading at a price cheaper than Rs.10. On Monday September 4, 2023, shares of Vikas Lifecare Company were trading at Rs 4.45, up 3.49 percent. Today, Thursday 7 September 2023, Vikas Lifecare shares are trading at Rs 4.90 (NSE 10:00 AM), up 3.16 percent.
These small-cap stocks may see a strong rally in the near future. The board of directors of this company has recently approved the proposal to issue 10 crore preference shares. The value of these preference shares will be Rs.4. The shares of Vikas Lifecare Company had closed at a price of Rs.4.30 in the trading session on Friday last week. The company had decided to raise capital of Rs 40 crore by issuing preference shares. Shares of Vikas Lifecare Company are trading on both NSE and BSE indices. The market capitalization of this company is Rs 617 crore.
The 52-week high price of the Vikas Lifecare Company stock was Rs.5.40. While the lowest price level was Rs.2.70. The small-cap company has informed SEBI of plans to raise capital by issuing preference shares. According to the information provided by the company, “In accordance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulation Act, 2015, the Company wishes to inform the regulator that the Board of Directors of the Company has decided to allot 10,00,00,000 Convertible Preference Shares at a price of Rs.4 to its shareholders on Thursday, 31 August 2023.”
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