Multibagger penny stock below Rs 6: This micro-cap company receives fresh orders worth Rs 11,00,00,000; details inside!

From Rs 2.66 per share (52-week low) to Rs 5.37 per share, the stock gave multibagger returns of over 100 per cent.

Vikas Lifecare Limited’s agro-business division announced that the Karnataka processing facility has received fresh orders for premium nuts valued at about Rs 11,00,00,000. These orders will be completed within the first quarter of the current fiscal. The agro-business division of the company has set a target to achieve Rs 450 crore during the current fiscal year, as compared to the Rs 360 crore achieved during 2023-24, targeting a 20 per cent growth YoY.

Earlier, the company secured orders worth Rs 50 crore. This substantial order includes Rs 40 crore for premium rice varieties and Rs 10 crore for organic rice breeds. The announcement reflects Vikas Lifecare's strong market presence and its commitment to expanding its footprint in the premium and organic segments. The agro-business division of the company has set an ambitious target of achieving Rs 450 crore in revenue during the current fiscal year, representing a significant growth of 20 per cent year-on-year (YoY) compared to the Rs 360 crore achieved in the previous fiscal year (2023-24). This target is driven by the company's strategic acquisitions of agro-product processing facilities in Karnataka and Uttar Pradesh, which have significantly bolstered its capabilities to meet the growing demands of the market.

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Furthermore, Vikas Lifecare took a major step towards international expansion by incorporating a wholly-owned subsidiary, VIKASH LIFE CARE INVESTMENT MANAGEMENT L.L.C., in Dubai, UAE. This strategic move, approved by the Dubai government's Department of Economic and Tourism, signifies Vikas Lifecare's broader ambitions. The new subsidiary, with an authorized share capital of AED 10,00,000, will focus on commercial enterprise investments and management. This aligns perfectly with Vikas Lifecare's goal of diversifying its investment portfolio and gaining a foothold in international markets.

Vikas Lifecare Limited, a dynamic and diversified business entity, is renowned for its robust operations in polymer and rubber compounds along with speciality additives for plastics and rubbers. As an ISO 9001:2015 certified company, it serves as a Del-Credere agent for ONGC Petro Additions Limited, and its subsidiary Genesis Gas Solutions Pvt. Ltd. is a leader in smart gas metering in India. The company has recently broadened its portfolio to include FMCG, agro-products, and infrastructure, further diversifying into entertainment with a focus on film production. Listed on both NSE and BSE, Vikas Lifecare continues to expand its business horizons aggressively.

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 800 crore. From Rs 2.66 per share (52-week low) to Rs 5.37 per share, the stock gave multibagger returns of over 100 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.