Veerhealth Care Secures Repeat Domestic Orders for Hair Care Products
Veerhealth Care wins repeat order for hair care products, worth ₹121 lakhs, from an existing client, with execution required within 60 days
by Damodharan N
Updated Jul 22, 2024
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Veerhealth Care Limited has announced the receipt of a repeat order in the hair care category from a leading healthcare company that is already an existing client. This new contract involves the manufacture and supply of shampoo and conditioner, with a total value of ₹121 lakhs. The order must be executed within 60 days of the purchase order's expiry date.
As per SEBI regulations, the name of the client remains confidential due to a non-disclosure agreement. This order reinforces Veerhealth Care’s ongoing partnership with its clients and continues to build its presence in the domestic market.
Source:Here
Market Reaction
Veerhealth Care announced a repeat order for its hair care products from a reputed client at 10:30 AM. Following the news, the stock price rose from ₹24 to ₹24.50 by 11:15 AM on the BSE.
Trading volume increased significantly from 16,500 shares at 10:30 AM to 32,450 shares by 11:00 AM. The stock price continued to climb, reaching ₹25.69 by 11:25 AM before settling back to ₹24.90 by 11:30 AM.
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Veerhealth Care
Veerhealth Care, operating for the past six years, focuses on manufacturing and supplying ayurvedic medicines and oral care products. Drawing on traditional Ayurvedic knowledge, the company creates products using natural ingredients to ensure safety and quality.
Their goal is to offer a broad range of regular and premium daily care products at affordable prices, aiming to provide genuine and sustainable lifestyle solutions. The company's head office is located in Mumbai, and they are committed to delivering an exquisite customer experience with their trusted and pure products.
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Veerhealth Care Secures Repeat Domestic Orders for Hair Care Products - FAQs
1. How does this order impact Veerhealth Care’s market presence?
The repeat order reinforces Veerhealth Care’s partnership with clients and strengthens its presence in the domestic market.
2. When was the announcement made?
The announcement was made at 10:30 AM.
3. What was the stock price at 11:30 AM?
The stock price settled back to ₹24.90 by 11:30 AM.
4. How did the trading volume change after the announcement?
Trading volume increased from 16,500 shares at 10:30 AM to 32,450 shares by 11:00 AM.
5. What was the peak price of the stock after the announcement?
The stock price peaked at ₹25.69 by 11:25 AM.
6. How did Veerhealth Care’s stock price react to the announcement?
The stock price rose from ₹24 to ₹24.50 following the announcement.
7. Is the name of the client disclosed?
No, the client’s name is not disclosed due to a non-disclosure agreement.
8. What are the terms for executing the new order?
The order must be executed within 60 days from the purchase order's expiry date.
9. What is the total value of the new order?
The total value of the new order is ₹121 lakhs.
10. What recent order did Veerhealth Care receive?
Veerhealth Care received a repeat order for hair care products, including shampoo and conditioner, from an existing client.
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