Penny Stock: This 3 rupee stock is doing amazing, a decision of the government brought a boost! – Vikas Ecotech penny stock zooms after DSIR recognition of global repute check latest price tutc

When in the stock market, which stock can make investors earn money, it cannot be said. There are also many such Penny Stocks in the market, which are proving to be a profitable deal for their investors. One such stock is that of Vikas Ecotech, which is worth just Rs 3. At this time, this stock has reached its all-time high running at the speed of rocket. A decision of the government is behind its speed.

The stock rose on Friday as well
Vikas Ecotech Limited is primarily involved in the manufacturing of Chemicals focused on Additives and Specialty Polymer Compounds. The company’s stock reached Rs 3.45 on BSE on Friday. On Friday also, the stock registered a rise of 1.5 percent. At the same time, the stock has run up about 5 percent in the last 5 days. According to Esperts, the rally in this stock can continue even further. The 52 week high of this stock is Rs 6.90, and during this time the stock touched a low of Rs 1.69.

The company got recognition from DSIR
A decision of the government is being cited as the reason for the rise in the stock of this company, established in 1984. Actually, Vikas Ecotech’s internal research and development (R&D) has got recognition from the Department of Scientific and Industrial Research (DSIR) under the Ministry of Science and Technology. This in-house recognition paves the way for the company to expand its R&D capabilities internationally.

race to buy shares
Let us tell you, the advantage of getting DSIR recognition is that the company can sell its product in any other country (USA, China or European Union) for a period of three years without any Tax or Charge. This information has been shared in the stock exchange filing on behalf of VikasEco. As soon as this information comes to the fore, the company’s shares are being seen buying.

Stock market fall
Significantly, on Friday, the last trading day of the week, there was a boom in the Indian stock market. The Bombay Stock Exchange’s 30-share Sensex jumped 700 points to end at 57,919, while the National Stock Exchange’s Nifty climbed 171.70 points to end at 17,177.90. Meanwhile, there was a rise in IT stocks. (Note: Before investing in the stock market, take the help of a financial advisor.)

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