Veerhealth Care Limited Secures a Preliminary Sample Export Order worth US$ 50,000

Veerhealth Care Limited is "One-Stop Shop" to Ayurvedic, Herbal & Cosmetics healthcare and personal care needs under the Brand "Ayuveer". The company has announced that after working relentlessly on the qualification and validation for the US market, Company has signed a contract and has secured a Preliminary Sample Export Order worth US$ 50,000 (₹ 41.50 Lakhs Approx.) to manufacture & supply of Oral Care products to one of the top institutional supplier company in the United States of America. This entire order is planned to be executed in Q4 FY23-24. Once this sample order is executed as per schedule the company is expecting continuous repeat orders.

With the opening in the US market, Company is targeting to enter the market with other body care and skin care products in the same market.

Company has been successfully manufacturing and exporting various types of oral care products to East African countries and now Company will be entering USA market which would open up other markets worldwide for the manufacturing and supply of Oral Care products. The Company is one of the leading manufacturer of Ayurvedic & Cosmetic grade Toothpaste in India. Ayurvedic Toothpaste is composed of herbal ingredients that help maintain perfect oral hygiene in a traditional manner. It is composed of all-natural extracts and oils which ensures that there is no harmful effect on the teeth & mouth. The way Western world is adapting Indian Ayurvedic and Herbal products the company could be beneficiary of this shift.

Shares of Veerhealth Care Limited was last trading in BSE at Rs. 21.17 as compared to the previous close of Rs. 20.38. The total number of shares traded during the day was 204395 in over 355 trades.

The stock hit an intraday high of Rs. 21.75 and intraday low of 20.50. The net turnover during the day was Rs. 4325318.00.

Source : Equity Bulls

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