Penny stock under Rs 25: This micro-cap company received an order of Rs 49,00,000 from one of India's leading chain of pharmacy

VeerHealth Care Limited has secured a significant order from a major Indian pharmacy chain, boasting over 5,000 retail outlets, for the manufacturing and supply of hair care products. While the customer's identity remains undisclosed due to confidentiality agreements, this domestic order represents a substantial growth opportunity for VeerHealth Care, with the company anticipating increased turnover as a result. The contract, valued at Rs 49,00,000, requires execution within a 45-day timeframe, highlighting the prompt delivery expectations for these specialised hair care products. This strategic partnership with India's largest retail pharmacy network is poised to enhance VeerHealth Care's market presence and revenue streams.

About the Company

VeerHealth Care Limited (BSE – 511523) is a manufacturer and supplier of Ayurvedic medicines, oral care, and personal care products, all produced at its state-of-the-art facility in Vapi, Gujarat. Their formulations are developed with the expert guidance of renowned Ayurvedic practitioner Dr. Vinod C. Mehta and cosmetic formulation expert Dr. Rajiv Bhirud. The company boasts a wide range of products, including shampoos, conditioners, creams, Ayurvedic toothpaste, and more, all manufactured under Ayurvedic and Cosmetic Licenses. VeerHealth Care Limited holds various certifications, including Ayurvedic GMP, Cosmetic GMP, ISO 9001:2015, and US FDA Labeller Code, and notably specialises in pure vegetarian toothpaste.

The company has a market cap of over Rs 40 crore and the stock is currently trading at under Rs 25 per share. The stock has given multibagger returns of over 140 per cent from its 52-week low of Rs 9.29 per share.

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