Multibagger penny stock below Rs 10: This small-cap company along with its subsidiary, PME Entertainment continue to shine as Miss World Heads to Mumbai
The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 2.66 per share.
Vikas Lifecare Limited (VLL), after a spectacular start in New Delhi with the opening ceremony for the 71st Miss World festival, Vikas Lifecare Limited, in collaboration with its subsidiary PME Entertainment, is proud to announce that the event is now heading to Mumbai, ‘The City of Dreams.’ The journey so far has been nothing short of extraordinary, with several amusing events capturing the spirit of the competition.
The head-to-head challenge, a thrilling segment where contestants showcase their intellect and charisma, has been a highlight of the festival. Additionally, the Women Empowerment and Sustainability workshop hosted by AWWA (Army Wives Welfare Association) has provided a platform for meaningful discussions and initiatives aimed at creating a positive impact.
Adding to the excitement, the Sports Challenge has brought out the competitive spirit in the contestants, highlighting their athleticism and sportsmanship. As the event progresses, Vikas Lifecare Limited remains committed to supporting and promoting this global celebration of beauty, talent, and diversity.
The grand finale of Miss World will take place at the Jio World Convention Centre in Mumbai on March 9, 2024, promising to be a spectacular event that will be streamed and telecast worldwide. The production partners include Endemol Shine and Sony LIV, ensuring that the finale is a world-class entertainment extravaganza.
Vikas Lifecare Limited and PME Entertainment are thrilled to be a part of this prestigious event and look forward to the crowning of the next Miss World, who will carry on the legacy of beauty with a purpose
Vikas Lifecare Limited (VLL), an ISO 9001:2015 certified company, focuses on manufacturing and trading polymer and rubber compounds essential for plastics and rubber industries. VLL prioritizes sustainability through upcycling industrial and post-consumer waste materials (EVA, PVC, PP, PE, etc.), aiding in environmental protection and fulfilling government mandates. As a Del-Credere agent for ONGC Petro Additions Limited, VLL plays a key role in supplying base polymers and raw materials.
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Their subsidiary, Genesis Gas Solutions Pvt Ltd, leads in the smart gas metering sector, supplying major gas distributors and holding a 20 per cent market share. VLL's recent expansion into B2C ventures spans FMCG, agro, and infrastructure products, along with strategic acquisitions like SKY 2.0 Club and PME Entertainment in Dubai's entertainment industry. VLL even has its sights set on film production with "Lioness". This aggressive growth strategy positions VLL as a multifaceted company exploring industrial markets, tourism, hospitality, and entertainment for expansion within India and beyond.
Today, shares of Vikas Lifecare Ltd plunged 0.93 per cent to Rs 6.40 per share from its previous closing of Rs 6.46 with an intraday high of Rs 6.43 and an intraday low of Rs 6.31. 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 Rs 990 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 140 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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