Vikas Lifecare Share Price: A Profitable Journey for Shareholders ๐๐ฐ
๐ In yesterday’s trading session, Vikas Lifecare Company’s share price showed a strong growth of 2.29%, reaching Rs 6.70. However, today the shares are trading under selling pressure.
๐ต With a total market capitalization of Rs 959 crore, Vikas Lifecare Limited has been performing well in the market.
๐น The 52-week high for Vikas Lifecare share was Rs 7.30, while the low was Rs 2.70. On Friday, January 12, 2024, the share price was trading at Rs 6.50, experiencing a decrease of 1.52%.
๐ธ Investors of Vikas Lifecare Company have witnessed a remarkable 16% return in the past five days. Moreover, the share price has surged by 31% in the last month and an astounding 120% in the past six months.
๐ผ According to SEBI, Vikas Lifecare Company’s fund rating committee meeting was held on January 10, 2024. During the meeting, the directors approved the proposal to raise funds through qualified institutional placement.
๐ The company has been successful in securing approval to issue shares at a price of Rs 4.18 per equity share for the qualified institutional placement. The floor price for these shares has been set at Rs 5.02.
๐ค Vikas Lifecare Limited will be raising funds by issuing 10.41 crore equity shares to eligible institutional investors. Under the FPI category, the company will issue equity shares to three investors, namely Global Opportunities Fund, AG Dynamic Fund, and Nakshatra Stressed Asset Fund.
๐ก Vikas Lifecare Limited primarily operates in the production of specialty chemicals, especially those used in the manufacturing of toxin-free products. The company offers special chemical solutions to its customers, which are extensively used in food and water consumption.
๐ฌ Additionally, Vikas Lifecare Company is involved in the manufacturing and trading of polymer and rubber components, as well as the production of related products for plastics, synthetics, and natural rubber. Recently, the company has diversified its operations and entered the B2C segment with various consumer products.
๐ฅ With its consistent growth and innovative product offerings, Vikas Lifecare Limited continues to be a promising investment option in the market.
So, keep an eye on Vikas Lifecare’s share price and seize the opportunity to maximize your profits! ๐ฐ๐
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