Multibagger in just 1 year: Shares of this micro-cap company hit 52-week high as it signed a contract as part of its expansion plan!
The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Sensex Index is up by 19.58 per cent.
Veerhealth Care Ltd announce that the company has signed a contract to supply "WHIDENT" range of toothpaste to Casablanca, Morocco (North West Africa) as a part of its expansion plan. The company has already been successfully manufacturing and exporting various types of toothpaste to East African countries. The company is expecting additional growth in sales in the current Financial Year with the new contract of supply & additional profit.
On Monday, shares of Veerhealth Care Ltd gained 4.59 per cent to make a new 52-week high of Rs 33.30 per share from its previous closing of Rs 31.84. At the closing bell, shares of the company ended the trading session in the red, down 4.52 per cent to Rs 30.40. In the recent trading session, the stock is hitting back-to-back 52-week highs.
Veer Healthcare Ltd (formerly Niyati Leasing Ltd) is engaged in the business of trading and manufacturing and marketing research based ayurvedic medicines. The company has a market cap of Rs 30.40 crore with a 3-year CAGR of 72 per cent.
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Quarterly Results & Annual Results: The net sales increased by 85.40 per cent and net profit skyrocketed by 397 per cent in Q4FY23 over Q4FY22. The net sales increased by 37.89 per cent and net profit skyrocketed by 1,680 per cent in FY23 over FY22.
The stock gave multibagger returns of 165 per cent in just 1 year whereas BSE Sensex Index is up by 19.58 per cent. Investors should keep an eye on this micro-cap stock under the radar.