Penny stock Veerhealth Care Limited, which is involved in trading, manufacturing, and marketing research-based ayurvedic medicines, oral care, and personal care products, saw a 4 percent increase in its share price after securing a work order worth Rs. 1.65 Crores. The company, with a market capitalization of Rs. 42 Crores, was trading at Rs. 20.60, up 0.49 percent from the previous day’s closing price of Rs. 20.50.
Veerhealth Care Limited received an Export Order worth Rs. 1.65 Crores for the Manufacture & Supply of Oral Care Products from a top institutional supplier in the United States. The company had previously exported a Preliminary Sample Order of oral care products, leading to the new work order, which is scheduled to be completed within 3 months.
Additionally, the company recently secured a work order worth Rs. 57.36 Lakhs from Apollo Healthco Limited for the production and delivery of hair care products, expanding its range of products supplied to Apollo Healthco Limited.
Veer Healthcare Limited specializes in trading, manufacturing, and marketing research-based ayurvedic medicines, oral care products, and personal care products. It has successfully exported various oral care products to East African countries and is now looking to expand into the USA market, with plans to further penetrate global markets.
The company’s Revenue from operations increased by 4.36 percent from Rs. 2.75 Crores in Q3FY23 to Rs. 2.87 Crores in Q3FY24, with profits also showing growth.
Veerhealth Care Limited offers a wide range of product categories including skincare, haircare, fragrances, body care, healthcare, oral care, and accessories. Its product line includes hair oil, shampoo, pain relief oil, tablets, syrups, creams, lip balm, moisturizing lotion, face packs, body wash, face wash, and more.
Investors should exercise caution while investing in equities as it carries a risk of financial losses. It is recommended to consult with an investment advisor before making any investment decisions.