Promoter bought 7 crore shares in Q1: Penny stock under Rs 5 in focus as company collaborates with DEAL-DRDO, IIT Delhi, and CSIR-NPL; details inside!

Kiran Shroff
/ Categories: Trending, Penny Stocks
Promoter bought 7 crore shares in Q1: Penny stock under Rs 5 in focus as company collaborates with DEAL-DRDO, IIT Delhi, and CSIR-NPL; details inside!

From Rs 3.06 per share (52-week low) to Rs 4.98 per share, the stock is up by 63 per cent.

On Tuesday, shares of Vikas Lifecare Limited gained 2.05 per cent to Rs 4.98 per share from its previous closing of Rs 4.88 per share. The stock’s 52-week high is Rs 7.92 while its 52-week low is Rs 3.06.

Vikas Lifecare Limited has formed a strategic partnership with the Defence Electronic Applications Laboratory (DEAL) under DRDO, IIT Delhi, and CSIR-NPL to jointly develop advanced nanocomposites for shielding electronic devices from electromagnetic interference. This collaboration, formalized through a Non-Disclosure Agreement, aims to create innovative solutions applicable across commercial, military, scientific, and communication sectors, addressing the growing need for effective EMI protection in various electronic equipment.

The objective of the Collaboration

The primary objective of this NDA is to design and develop advanced carbon fiber and MWCNT/graphene nano ferrites composites specifically for EMI shielding applications. The focus will be on:

1. Design and Development: Creation of nano-composites using exfoliated graphite blended with MWCNT in a polymer matrix or carbon fibers polymer composites. Incorporation of Ag nanoparticles and Copper nanoparticles to enhance the electrical and thermal conductivity of the composites.

2. Optimization: Fine-tuning processing and material parameters to ensure the production of viable, high-performance nanocomposite products.

3. Applications: Development of materials for use in a wide array of commercial, military, and scientific electronic devices and communication instruments.

Strategic Importance

This collaboration represents a significant step forward in the field of EMI shielding, which is critical for the protection of electronic devices from electromagnetic interference. The incorporation of advanced materials such as MWCNT, graphene, and Nano ferrites, along with silver and copper nanoparticles, is expected to result in superior performance characteristics, thereby meeting the stringent requirements of various high-stakes applications.

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About Vikas Lifecare Ltd

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 June 2024, the promoters of the company bought 7 crore shares and increased their stake to 14.21 per cent compared to 11.75 per cent in March 2024. The company has a market cap of over Rs 800 crore. From Rs 3.06 per share (52-week low) to Rs 4.98 per share, the stock is up by 63 per cent. Investors should keep this penny stock under the radar.  

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

Also Read: Multibagger cable stock under Rs 80 - Could it be the next KEI Industries? Board likely to raise funds; Order books at Rs 495.16 crore & Debt-free in FY25

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