Vikas Lifecare Share Price: A Rollercoaster Ride π’π
π° On Thursday, Vikas Lifecare shares were trading at βΉ6.08 with a rapid surge of 18%. However, the company is currently facing selling pressure, resulting in a decline in share prices.
π The main reason behind the rise in Vikas Lifecare’s shares is the company’s announcement of acquiring new land in Rajasthan to expand its business operations. The company has informed SEBI that it has acquired 1800 square meters of land adjacent to its existing factories in RIICO, Rajasthan.
π Currently, Vikas Lifecare shares are trading at βΉ5.75 with a decrease of 0.86% on Friday, 5th January 2024. The company has invested a total of βΉ3 crores in land and building acquisition and development work. Additionally, an estimated βΉ23 crores will be spent to increase its production capacity.
π The company expects its business expansion to take place within the next three to four months, which has led to a positive sentiment among investors. Compared to its lowest level of βΉ2.66 in the past 52 weeks, Vikas Lifecare shares have witnessed a remarkable increase of nearly 115%.
πΌ Over the last six months, the company has rewarded its investors with an impressive return of 87%. In the past year, Vikas Lifecare shares have provided a return of 20% to its investors. Moreover, the share price has witnessed a 15% increase in the last month.
π° With a total market capitalization of βΉ852.10 crores, Vikas Lifecare is actively expanding its business through mergers, acquisitions, and various development projects in different sectors.
π Vikas Lifecare primarily operates in the manufacturing of polymers, rubber ingredients, plastics, synthetics, and natural rubber. The company recently made efforts to diversify its business beyond raw material trading and entered the B2C segment.
πΌπ In Short, Vikas Lifecare’s share price has been on a rollercoaster ride, experiencing both highs and lows. The company’s expansion plans and diversification efforts have attracted investor attention, resulting in significant returns for shareholders. As the company continues to grow, it remains an intriguing player in the market.
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