Multibagger penny stock below Rs 10: This small-cap company along with its subsidiary, PME Entertainment - announces formal commencement of Miss World Event in India
The stock gave multibagger returns of 147 per cent from its 52-week low of Rs 2.66 per share.
Vikas Lifecare Limited (VLL), announced the Kickstarter event commemorating the commencement of the series of events lined up in India for the 71st Miss World Pageant. The Miss World Pageant has been organised this year in India, presented by the esteemed subsidiary of VLL, PME Entertainment (Portfolio Managing Events LLC). The Miss World Pageant will host participants hailing from more than 120 countries from around the globe, hoisting the cultures of their respective countries at the renowned international dais of the Miss World Pageant with Grace, Elegance and Beauty with remarkable media coverage on a global scale.
The aspiring Miss World contestants embarked on a meaningful journey, honouring India's rich history and Mahatma Gandhi's legacy of peace at Raj Ghat and the Gandhi Museum. Surrounded by serenity, they reflected on his principles and delved into his life through captivating exhibits, gaining a deeper cultural understanding. This enriching experience underscores Miss World's mission beyond beauty, empowering young women as cultural ambassadors and advocates for unity, echoing Vikas Lifecare Limited and PME's values of diversity and empowerment.
PME Entertainment is a Dubai-based global entertainment firm, that produces concerts and events for notable figures and luminaries such as HRH Prince Charles, Prince of Wales, the United Nations General Assembly in New York City, the Norwegian Nobel Committee, and Nobel Peace Prize Laureates.
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Vikas Lifecare, an ISO-certified manufacturer and trader of polymer and rubber compounds, focuses on sustainable practices and represents ONGC in raw materials. Beyond B2B, they've expanded into consumer goods, infrastructure, and entertainment (nightclubs, music production, film) through acquisitions and ventures. Aiming for aggressive growth, they explore new markets like tourism and hospitality, with their stock listed on both BSE and NSE.
Today, shares of Vikas Lifecare Ltd plunged 0.76 per cent to Rs 6.57 per share from its previous closing of Rs 6.62. The stock’s 52-week high is Rs 7.92 while its 52-week low is Rs 2.66. The company has a market cap of over Rs 1,000 crore.
In January 2024, FIIs increased their stake to 6.78 per cent compared to 0.02 per cent in December 2023. The stock gave multibagger returns of 147 per cent from its 52-week low of Rs 2.66 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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