As of March 2024, the promoters of the company bought 3,00,00,000 shares and increased their stake to 11.74 per cent while FIIs bought 17,82,35,000 shares and increased their stake to 10.82 per cent. 

The stock gave multibagger returns of over 180 per cent from its 52-week low of Rs 2.66 per share.

The stock gave multibagger returns of 178.2 per cent from its 52-week low of Rs 2.66 per share.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 2.70 per share.

The shares of the company saw a spurt in volume by more than 3 times on BSE.

The stock is up by 85 per cent in just 6 months.

This micro-cap company has a market capitalization of over Rs 700 crore and very little debt. The company has only Rs 30.4 crore in outstanding debt, which is just 4.15 per cent of its current market capitalization. This means that the company is essentially debt-free.

According to the quarterly results, the company's net sales increased by 6.48 per cent to Rs 98.89 crore in Q1FY24, compared to Q1FY23. Profit before tax (PBT) increased by a whopping 420.50 per cent to Rs 12.92 crore, while profit after tax (PAT) increased by 340 per cent to Rs 11.70 crore.

Earlier, the company paid back another Rs 50 lakh, taking its total bank debt down to Rs 6 crore. The company plans to pay back an additional Rs 10 crore by the end of this quarter and become debt-free by FY2023-24. In FY23, the net sales increased by 61.2 per cent to Rs 403 crore and net profit increased by 900 per cent to Rs 10 crore compared to FY22.

According to the quarterly results, the company's net sales increased by 6.48 per cent to Rs 98.89 crore in Q1FY24, compared to Q1FY23. Profit before tax (PBT) increased by a whopping 420.50 per cent to Rs 12.92 crore, while profit after tax (PAT) increased by 340 per cent to Rs 11.70 crore.

Quarterly Results: The net sales stood at Rs 98.89 crore, up 6.48 per cent; profit before tax stood at Rs 12.92 crore, up 420.50 per cent and profit after tax of Rs 11.70 crore, up 340 per cent in Q1FY24 compared to Q1FY23.  

Quarterly Results: The Net sales stood at Rs 98.89 crore, up 6.48 per cent; Profit before tax stood at Rs 12.92 crore, up 420.50 per cent and Profit After Tax of Rs 11.70 crore, up 340 per cent in Q1FY24 compared to Q1FY23.  

Earlier, Genesis Gas Solutions Ltd, a subsidiary of Vikas Lifecare Ltd entered into joint venture agreement with Indraprastha Gas Limited (IGL) to set up an integrated smart meter manufacturing plant with a capital expenditure of Rs 1,100 million (Rs 110 crore).

The venture will establish a manufacturing facility to produce gas meters. It will assemble and manufacture SKD and FM gas meters, and sell, distribute, and supply gas meters, HHU, and DCU. It will also assemble, manufacture, sell, distribute, and supply other meters, including water and utility meters.

Talking about the financials, the company has a market cap of Rs 485.68 crore. The net sales increased by 14.56 per cent to Rs 118 crore in Q4FY23 over O4FY22. In FY23, net sales skyrocketed by 58.14 per cent to Rs 476 crore compared to FY22.

The net sales increased by 14.56 per cent in Q4FY23 over Q4FY22. In FY22, net sales increased by 48.17 per cent compared to FY21.

The stock gave multibagger returns of 325 per cent in just 3 years with a PE of 13.64x and an ROE of 21.76 per cent. 

This penny stock under Rs 5 is set to revolutionize the Indian market with the launch of the first-ever integrated smart meter manufacturing plant.

The revenue from operations of this BSE-listed firm jumped more than 280 per cent to Rs 92.17 crore in June 2022 quarter, which was Rs 24.1 crore in the corresponding quarter, a year ago.  

Through the qualified institutional placement (QIP), the diversified-listed conglomerate will be launching Rs 50 crore from the investors.