Upcoming 13,000 sq. ft hospital: This multibagger micro-cap company signs MoU with Andhra Pradesh MedTech Zone Limited!

Upcoming 13,000 sq. ft hospital: This multibagger micro-cap company signs MoU with Andhra Pradesh MedTech Zone Limited!

Kiran Shroff
/ Categories: Trending, SME

The stock falls under the SME segment with a lot size of 800 shares and gave multibagger returns of 122 per cent in just 1 year.

Vaidya Sane Ayurved Laboratories Limited inform you that your company has inked a Memorandum of Understanding (MoU) with Andhra Pradesh MedTech Zone Limited (hereinafter referred to as AMTZ), a State Government company, to build Ayurvedic Cardiac Care Hospital namely “Madhavbaug Hospital” in Vishakhapatnam on revenue sharing basis.

AMTZ is India’s first integrated medical devices manufacturing zone being created for a one-stop solution covering common scientific, manufacturing and commercial facilities for medical device manufacturers and innovators. The Zone envisages the setting up of more than 250 manufacturers pertaining to the medical devices sector and also provides, inter-alia, various infrastructure facilities like scientific testing labs required for such manufacturing.

Management added, “We believe this consortium will be a stepping stone for the company to provide its research-based healthcare services in the southern part of India more effectively, this hospital will be spread across an area measuring 13,000 sq. ft approx. having 32 rooms which shall include Panchakarma Rooms, Adequate space for the Yoga Practice and other related space”.

Vaidya Sane Ayurved Laboratories Ltd is engaged in the treatment of chronic ailments like cardiac disease, diabetes, hypertension and obesity through innovative therapies primarily developed through Ayurveda.

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The company has a market cap of over Rs 300 crore and reported amazing numbers in its half-yearly results and annual results. Additionally, the company has reduced its debt and currently, it's almost debt-free.

The stock falls under the SME segment with a lot size of 800 shares and gave multibagger returns of 122 per cent in just 1 year. Investors should keep an eye on this micro-cap SME stock.

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

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