Vikas Lifecare trades higher on getting patent for recycling of waste plastics for making Pallets & Interlocking tiles

Vikas Lifecare is currently trading at Rs. 4.99, up by 0.01 points or 0.20% from its previous closing of Rs. 4.98 on the BSE.

Vikas Lifecare
Vikas Lifecare

The scrip opened at Rs. 5.03 and has touched a high and low of Rs. 5.10 and Rs. 4.99 respectively. So far 3137609 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.11 on 29-Nov-2021.

Last one week high and low of the scrip stood at Rs. 5.24 and Rs. 4.90 respectively. The current market cap of the company is Rs. 672.84 crore.

The promoters holding in the company stood at 13.31%, while Institutions and Non-Institutions held 12.21% and 74.47% respectively.

Vikas Lifecare has received the Patent for the Technology developed by its team on ‘Recycling of Waste Plastics for making Pallets & Interlocking tiles for Industrial Application’.

The Patent No. 406300 has been granted under section 43, in accordance with the provisions of the Indian Patents Act 1970, Government of India.

The patent has been granted for the novel invention by the R & D team of the company.

Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.

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