People who invest money in the stock market are always looking for such shares which are cheap and have the power to give crores. Today we are telling you about such a company. Which has announced to raise funds worth crores, after which a tremendous rise was seen in the company's shares and this rise is going to continue. If you consider buying shares of the company at the right time, you can earn good profits.
Share Price Today: New and latest updates related to share market
Vikas Lifecare, a small-cap company, has made an important announcement that it plans to raise fresh funds worth ₹97 crore during FY 2023. The main objective of this investment is to develop innovative activities by issuing new equity shares on preferential basis. They have fixed the preferential issue price at ₹4 per equity share, which means that new investors will get the opportunity to buy this security at this price.
After the briefing of this news, a deep rise was seen in the small-cap stock of this company in the stock market on Thursday. At this time, the share price had touched an intraday high of ₹5.05 on NSE, indicating a safe price rise. After this news spread, a rise of 6% was recorded in the shares of the company, which caused great interest among the investors.
Know the current status of the company's shares
This small-cap penny stock is currently available on both BSE and NSE and has a fundamental price of less than ₹5. Its trading volume on NSE is huge and currently stands at 2,55,03,418. The stock's 52-week high is ₹5.40 per share, which is higher than its fundamental price. This may be an indicator of increase in the value of its stock. At the same time, its 52-week low on NSE is ₹2.70 per share, which is lower than its original price. This means the small-cap stock is close to its 52-week high, indicating potential upside.
Important information before I investing
Before considering investing in small-cap companies, it is important that you gain in-depth information about it. Small-cap companies often offer good opportunities, but they are also risky. It is essential to gain deep knowledge of these companies' history, financial health, and their products or services. You should consult a financial expert to understand the benefits and risks of this prudent investment, so that the right investment decision can be taken. For more such latest news related to business and loan, join our Whatsapp and Telegram group now.
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