Multibagger penny stock under Rs 25: This micro-cap company bags new export order worth Rs 89,00,000 from United States of America
The stock is up by 62.20 per cent from its 52-week low of Rs 13.60 per share and a whopping 340 per cent in 3 years.
Veerhealth Care Limited has secured an additional export order valued at USD 1,06,673 (approximately Rs 89,00,000) from an existing top institutional supplier based in the United States. The company has a successful track record of manufacturing and exporting oral care products to this customer and has now received this new order to fulfil the same requirements. The order must be completed within the specified purchase order expiration date and involves the manufacture and supply of oral care products. The total value of the order is Rs 89 lakh and it is to be executed within a three-month timeframe. Importantly, this order is from an international entity, and there are no related party transactions or promoter/promoter group interests involved.
Veer Healthcare Ltd (formerly Niyati Leasing Ltd) is engaged in the business of trading, manufacturing and marketing research based ayurvedic medicines. The company has a market cap of Rs 44 crore with a 3-year CAGR of 63 per cent.
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According to the Quarterly Results, the net sales decreased by 10 per cent to Rs 3.37 crore in Q4FY24 compared to Q4FY23. The compared reported a net loss of Rs 0.55 crore in Q4FY24 compared to a net profit of Rs 1.04 crore in Q4FY23. In its annual results, the net sales decreased by 0.4 per cent to Rs 13.22 crore and the net profit decreased by 74.4 per cent to Rs 0.41 crore in FY24 compared to FY23.
On Friday, shares of Veerhealth Care Ltd gained 2.60 per cent to Rs 22.06 per share from its previous closing of Rs 21.50 with an intraday high of Rs 22.95 and an intraday low of Rs 21.36. The stock’s 52-week high is Rs 30.10 and its 52-week low is Rs 13.60. The shares of the company saw a spurt in volume by more than 2.80 times on BSE.
The stock is up by 62.20 per cent from its 52-week low of Rs 13.60 per share and a whopping 340 per cent in 3 years. Investors should keep an eye on this micro-cap stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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