Nureca share value hit the upper circuit for the fourth consecutive day on Thursday, increasing 5 per cent to Rs 1,218.60 apiece. The stock of household healthcare and wellness goods seller produced its stock marketplace debut in the last week of February this year and was listed at practically 60 per cent premium more than IPO value. So far in April, Nureca share has zoomed 102 per cent from Rs 601.85 on April 1, 2021. The stock has been charting an upward trajectory, even as the organization on April 13 clarified that the movement in volume and value of Nureca shares are purely marketplace-driven. The stock has been on a gaining spree and has gained 73.44 per cent considering that April 8, 2021.
Analysts say that with Covid situations in India growing sharply and sadly, displaying no indicators of slowing down, demand for Nureca’s goods like chronic device goods and orthopedic goods with nutrition supplements will boost swiftly. “This has fueled a tremendous rally in this stock. Technically, however, long term investors should exit and look for re-entry only near Rs 850 in the coming weeks,” AR Ramachandran, Co-founder & Trainer, Tips2Trades, told TheSpuzz Online.
Nureca delivers goods in 5 main categories i.e. Chronic Device Products (BP monitors, Oximeters, Thermometers and so forth.), Orthopedic Products (Wheelchairs, Walkers and so forth.), Mother & Child Products (Bottle sterilizers, warmers, carry cots and so forth.), Nutrition Supplements (multivitamins and so forth.), Lifestyle Products (Smart scales, fitness trackers and so forth.). With the growing quantity of COVID situations, the demand for its goods is growing which is straight benefiting the organization. “The company is seeing major demand for its Chronic Device Products in the current scenario and this is fueling its stock price,” Gaurav Garg, Head of Research at CapitalVia Global Research, told TheSpuzz Online.
The B2C organization had raised Rs one hundred crore by means of a public problem which was subscribed 40 occasions throughout February 15-17. Nureca is identified for its item innovation and some of its identified brands are Dr Trust, Dr Physio and Trumom.
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