Stock Report

Vikas Lifecare Ltd's Agro Products Division secures orders valued INR 500 Million

Posted On : 2024-04-22 14:47:10( TIMEZONE : IST )

Vikas Lifecare Ltd's Agro Products Division secures orders valued INR 500 Million

Vikas Lifecare Limited has secured significant orders for its Agro Products Division. The division has bagged an order for rice, valued about INR 500 Million, bolstering its presence in the premium and organic rice segments. Of this present orders, INR 400 Million are attributed to premium rice varieties, while the remaining INR 100 Million represent orders for Organic Breeds of Rice.

The company's Agro Products Division has set an ambitious target of INR 4500 Million for the current F.Y., as compared to INR 3600 Million achieved in the preceding FY, targeting a 20+ % Growth on YoY Basis.

With a goal to enhance the growth trajectory, Vikas Lifecare is continually exploring opportunities to expand its businesses via acquiring going businesses and processing facilities. The Company had earlier acquired Agro Products processing facilities in Karnataka & Uttar Pradesh which has helped fast-track the company's capacities and capabilities and enabled it to cater to a wider market.

As part of its commitment to providing the best service and products to its customers, Vikas Lifecare continues to innovate and adapt to changing market dynamics. The company's dedication to quality, sustainability, and customer satisfaction remains unwavering, driving its continued success in the Agro Products industry.

Shares of Vikas Lifecare Limited was last trading in BSE at Rs. 4.99 as compared to the previous close of Rs. 5.03. The total number of shares traded during the day was 697045 in over 965 trades.

The stock hit an intraday high of Rs. 5.04 and intraday low of 4.90. The net turnover during the day was Rs. 3469205.00.

Source : Equity Bulls


VikasLifecare INE161L01027 AgroProductsDivision OrderWin