FIIs Bought 41,25,030 Shares: Penny Stock Under Rs 5 In Focus As Company Reports A Turnaround Net Profit In Q2FY25

In September 2024, FIIs bought 41,25,030 shares and increased their stake to 0.55 per cent compared to 0.28 per cent in June 2024

On Friday, shares of Vikas Lifecare Limited surged 0.90 per cent to an intraday high of Rs 4.59 per share from its previous closing of Rs 4.55 per share. The stock’s 52-week high is Rs 7.92 while its 52-week low is Rs 4.14.

According to Quarterly Results, the net sales increased by 46.5 per cent to Rs 134.88 crore in Q2FY25 compared to net sales of Rs 92.09 crore in Q2FY24. The company reported a net profit of Rs 2.15 crore in Q2FY25 compared to a net loss of Rs 2.91 crore in Q2FY24, an increase of 174 per cent. In its annual results, the net sales decreased by 6.4 per cent to Rs 445.75 crore in FY24 compared to net sales of Rs 476.05 crore in FY23. The company reported a net profit of Rs 13.95 crore in FY24 compared to a net loss of Rs 15.55 crore in FY23, an increase of 190 per cent.

Earlier, the company's strategic alliance with the Defence Electronic Applications Laboratory (DEAL), Indian Institute of Technology (IIT) Delhi, and Council of Scientific and Industrial Research - National Physical Laboratory (CSIR-NPL) aims to develop cutting-edge nanocomposites for Electromagnetic Interference (EMI) shielding. Through a Non-Disclosure Agreement (NDA), the collaboration seeks to create innovative solutions applicable across various sectors. The primary focus is on designing and developing advanced carbon fiber and Multi-Walled Carbon Nanotube (MWCNT)/graphene nano ferrites composites for EMI shielding applications. By incorporating exfoliated graphite, MWCNT, Silver (Ag) nanoparticles, and Copper (Cu) nanoparticles, the collaboration aims to produce viable, high-performance nanocomposite products suitable for use in a wide range of electronic devices and communication instruments.

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.

In September 2024, FIIs bought 41,25,030 shares and increased their stake to 0.55 per cent compared to 0.28 per cent in June 2024. The company has a market cap of Rs 767 crore. Investors should keep this penny stock under the radar.  

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