This wellness-related stock doubled in one month
Sensex is down by more than 2 per cent in one month even as the metal and healthcare-related stocks are buzzing on the bourses.
Nureca Ltd is one such stock that offers products in the home healthcare & wellness space and is catching investors’ attention. The stock, which got recently listed on the bourses, has almost doubled in a span of just one month.
The company is engaged in the business of home healthcare and wellness products that help customers in monitoring chronic ailments and other diseases. Nureca sells its products via online channel partners. Its growth is driven by its ability to offer quality products under trusted brands such as Dr Trust (monitor chronic alignments & improving lifestyle), Dr Physio (electric massagers, wheelchairs, walkers, etc) and Trumon (mother & childcare category).
The other products offered are related to nutrition supplements. Looking at the range of products and the current environment related to health issues, there is no doubt that the demand is high. As the company is newly-listed, there is very little data available about the company.
As of now, the free-float market cap of the company is Rs 170 crore while the face value is Rs 10 per share. The stock is trading at Rs 1,218 per share, up by Rs 58 or 5 per cent in today's trading session. The stock is locked at its upper circuit and is also trading at its record highs.