Multibagger penny stock below Rs 7 & FIIs increase stake: This meters manufacturing company bags reputed orders for most advanced state-of-the-art ultrasonic gas meters
The stock gave multibagger returns of 154.5 per cent from its 52-week low of Rs 2.66 per share.
Vikas Lifecare Limited (VLL), announced that its subsidiary company Genesis Gas Solutions Private Limited (GGSPL) received reputed orders of commercial scale for the most advanced- state-of-the-art ultrasonic gas meters. Ultrasonic gas meters are leaps and bounds ahead in terms of accuracy, reliability and life span as compared to conventional mechanical gas meters.
Ultrasonic meters are being replaced worldwide to bring down commercial gas losses (LUAG). Due to high gas prices, these meters are today the obvious choice for gas companies to recover their investment into continuous gas supply to industrial and commercial gas customers. These meters are a super speciality product, based on the world-renowned ultrasonic technology which has been tried and approved in the most testing conditions and critical sites worldwide. these meters supplied shall be commissioned at Avantika Gas for the first time.
Avantika Gas Limited is a joint venture Central Govt. authorised company of Gas Authority of India Limited (GAIL) and Hindustan Petroleum Corporation Limited. AGL is authorised by Ministry of Petroleum and Natural Gas to carry out the City Gas Distribution projects at Indore, Ujjain and Gwalior in Madhya Pradesh.
Genesis Gas, co-founded in 2017, is a leader in Smart Gas and Water Metering in India, holding 17 per cent of the domestic gas meter market. They've supplied over 1 million meters, primarily through exclusive arrangements with Hangzhou Beta Meter, to major players like Gujarat Gas and Avantika Gas. Their innovation includes developing a 4G modem and an MDM solution and introducing highly accurate Ultrasonic meters. They've also ventured into pipeline laying for Indian Oil Adani Gas, contributing to India's ambitious plan to connect 10 million households and build 230 cities with gas infrastructure by 2025. With the market size expected to reach 70 million meters in the next decade, Genesis Gas is well-positioned to capitalize on this growing sector.
Today, shares of Vikas Lifecare Ltd hit a 5 per cent upper circuit to Rs 6.77 per share from its previous closing of Rs 6.45. 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.
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Vikas Lifecare (VLL), an ISO 9001:2015 certified company, started traditionally in polymer and rubber compounds, contributing to environmental initiatives and serving as a Del-Credere agent for ONGC. Its subsidiary, Genesis, leads in smart gas metering. Recently, VLL diversified into B2C with FMCG, agro, and infrastructure products, acquiring businesses like SKY 2.0 Club in Dubai for a revolutionary nightlife experience and PME Entertainment for music production and event management. Open to new ventures, VLL explores tourism, hospitality, and entertainment, aiming to expand its footprint beyond B2B markets. Listed on both BSE and NSE, VLL promises an exciting, multi-faceted future.
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 154.5 per cent from its 52-week low of Rs 2.66 per share. Listed on both BSE and NSE, VLL is an evolving company with aggressive growth plans.
Disclaimer: The article is for informational purposes only and not investment advice.
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