Will smallcap stock Vikas Lifecare hit third consecutive upper circuit on Friday? Know why it can!

Interestingly, the company has already achieved over 50 per cent of the target till August 31, 2021.

Vikas Lifecare Ltd is a New Delhi-based company with diversified interests and rich domain experience & expertise in the international as well as domestic polymer markets. The company has been historically engaged in the business of trading various speciality chemicals compounds, polymers, PVC resins, plastic granules, items related to the plastic industry, etc. Recently, as a long-term business strategy, the company forayed into consumer/FMCG businesses with some strategic products, acquisitions, tie-ups and also, intends to establish/acquire the business in this segment as well as expand its footprint in the country & beyond.  

The stock, in the last two trading sessions, was seen hitting back-to-back upper circuits and is likely to continue this streak. The company issued a press release wherein, it had mentioned that its Agro products division has received the largest single export order to date, amounting to USD 1 million.   

Commenting on this, the company’s CEO, Vijay Kumar Sharma said, “Owing to the tireless team efforts, we have our single-largest order at hands though we are all the more excited and prouder about the fact that the order, apart from being the biggest so far, has been achieved directly from the country of final consumption, which translates in better profit margins for us.”  

The Agro products division had initially set a target of generating Rs 500 million revenue during 2021-22, and interestingly, the company has already achieved over 50 per cent of the target till August 31, 2021.