Despite the weak sentiments in the Indian stock market, Vikas Lifecare share price has shown an impressive uptrend in early morning deals. This small-cap stock, priced below ₹5, opened higher and reached an intraday high of ₹3.70 apiece, marking a nearly 19% increase from its previous close. However, profit booking triggered a slight decline, with the stock hitting an intraday low of ₹3.30 per share, which still represents a 3.50% increase from the previous close. As of now, Vikas Lifecare share price is around ₹3.45 on NSE, with three hours of trading left for the day.
Vikas Lifecare Share Price Rises 19% Despite Weak Market Sentiments
In the face of weak market sentiments, Vikas Lifecare share price has shown resilience and has risen by 19% during early morning deals. Despite a brief dip due to profit booking, the stock is still trading at a 3.50% higher price compared to the previous close. This small-cap stock, priced below ₹5, has displayed an upward trend today, defying the negative sentiment prevailing in the Indian stock market.
Vikas Lifecare Reports 475% Increase in Q1FY24 Net Profit
The board of directors of Vikas Lifecare recently declared the Q1 results for the financial year 2023-24. In this quarter, the small-cap company reported a net profit of ₹13.32 crore, as opposed to ₹2.33 crore in the corresponding quarter of the previous year. The total income of the company during April to June 2023 stood at ₹106.30 crore, reflecting a YoY rise of 19.61%. Furthermore, the total comprehensive income of the company for Q1FY24 was ₹13.68 crore, which marks a significant 475% increase from the total comprehensive income of the same quarter in the previous financial year.
Vikas Lifecare’s Base Building Mode Over Last Year
Over the past year, Vikas Lifecare’s shares have been consolidating in a base building mode. This small-cap stock, priced below ₹5, has experienced a drop from around ₹5 to ₹3.45 apiece on NSE, representing a decline of nearly 30% over this period. In the last six months alone, the stock has witnessed a nosedive from ₹4.05 per share to ₹3.45 per share, amounting to a 15% decrease. Year-to-date, this penny stock below ₹5 has seen a 27% dip. However, in the last month, there have been signs of an upside, with the stock surging from ₹3.05 to ₹3.45 apiece, indicating a gain of over 13%. Moreover, over the past week, the stock has risen around 10%.
Vikas Lifecare Stock Shows Signs of Upside in Last One Month
In the last month, Vikas Lifecare’s share price has displayed signs of an upside. This small-cap stock, which is priced below ₹5, has risen from ₹3.05 to ₹3.45 apiece, registering a significant increase of over 13% during this period. This upward movement suggests a potential turnaround for the stock, highlighting a possible shift in market sentiment.
Vikas Lifecare Stock Available for Trade with ₹485 Crore Market Cap
Vikas Lifecare’s stock, priced below ₹5, is available for trade on both NSE and BSE. The current trading volume for this stock is 3,78,97,927. As of now, there are still three hours of trading left on Monday’s session. Vikas Lifecare has a market cap of approximately ₹485 crore, with its 52-week high at ₹5.45 apiece and its 52-week low at ₹2.70 per share.
Vikas Lifecare’s shares have been defying the weak market sentiments, displaying an impressive uptrend. The company’s Q1FY24 results also show a strong performance, with a significant increase in net profit and total income. Although the stock has experienced a decline over the past year, recent signs of an upside indicate a potential turnaround. With its availability for trade on both NSE and BSE, Vikas Lifecare’s stock continues to attract attention, bolstered by a market cap of ₹485 crore. Investors should consult certified experts before making any investment decisions.
Analyst comment
Positive News:
– Vikas Lifecare share price has shown an impressive uptrend, rising 19% in early morning deals despite weak market sentiments.
– The company reported a 475% increase in Q1FY24 net profit and a 19.61% rise in total income compared to the previous year’s quarter.
– Recent signs of an upside in the stock indicate a potential turnaround, with a gain of over 13% in the last month.
Neutral News:
– The stock has experienced a decline over the past year, witnessing a drop of nearly 30% and a 27% dip year-to-date.
– The stock is priced below ₹5 and is available for trade on both NSE and BSE.
As an analyst, it is expected that the market for Vikas Lifecare stock will experience increased interest and potential growth in the short term due to the positive Q1 results and recent signs of an upside. However, investors should exercise caution and consult certified experts for making any investment decisions.