The small cap health and wellness firm Nureca has in two trading session’s spurted by a huge 40 percent. This is considering the last trading price of Rs. 1959.7 per share on the NSE. The stock in intra-day trade rallied to a high of Rs. 2011 per share on the NSE.
The company is among the best debutants this year which listed in 2021 February with 59 percent over the issue price.
Nureca Ltd. offers home healthcare as well as wellness products via online channel partners including e-commerce players, retailers as well as distributors. The products come as help in monitoring chronic diseases. The company also serves customers in the US.
Recently to expand its distribution footprint, the company has engaged in an association with Tata’s Croma for selling its healthcare and wellness products. As part of the deal Nureca will sell products from its Dr Trust and Dr Physio brands at 30 Croma stores across the country.
The company has last declared a final dividend of Rs. 2 per share for which the stock turned ex-date on September 21, 2021.
‘This too shall pass away’ this famous Persian adage seems to be defeating us again and again in the case of COVID-19. Despite every effort