Vijaya Diagnostic Centre Ltd Share Price – NSE  /  BSE

Healthcare, Small Cap

Vijaya Diagnostic Centre will hold a meeting of the Board of Directors of the Company on 5 August 2024.

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The Board of Directors of Vijaya Diagnostic Centre (VDCL) and Medinova Diagnostic Services (MDSL) at their respective Board meetings held today, approved the Scheme of Amalgamation for the merger of MDSL with and into VDCL.

The proposed merger aims to combine the businesses of both companies and create synergies and enhanced value for the stakeholders of the MDSL and VDCL.

MDSL is a subsidiary of VDCL which holds 62.14% equity stake in MDSL. MDSL is in the business of providing comprehensive range of diagnostic services, spanning pathological investigations, radiology and imaging, and diagnostic cardiology.

Upon the Scheme of Amalgamation becoming effective, all the public shareholders of MDSL (as on the record date) will be issued 1 equity share of face value of Re 1 each of VDCL for every 22 equity shares of face value of Re 10 each held in MDSL.

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Endurance Technologies Ltd, Intellect Design Arena Ltd, Polycab India Ltd, Jupiter Wagons Ltd are among the other stocks to see a surge in volumes on NSE today, 10 May 2024.

Vijaya Diagnostic Centre Ltd witnessed volume of 65.12 lakh shares by 14:14 IST on NSE, a 10.57 times surge over two-week average daily volume of 6.16 lakh shares. The stock increased 8.12% to Rs.789.55. Volumes stood at 35.12 lakh shares in the last session.

Endurance Technologies Ltd clocked volume of 5.23 lakh shares by 14:14 IST on NSE, a 7.47 times surge over two-week average daily volume of 70096 shares. The stock gained 6.04% to Rs.2,074.15. Volumes stood at 88611 shares in the last session.

Intellect Design Arena Ltd witnessed volume of 33.4 lakh shares by 14:14 IST on NSE, a 6.44 times surge over two-week average daily volume of 5.19 lakh shares. The stock dropped 13.78% to Rs.883.60. Volumes stood at 9.14 lakh shares in the last session.

Polycab India Ltd clocked volume of 22.72 lakh shares by 14:14 IST on NSE, a 6.2 times surge over two-week average daily volume of 3.67 lakh shares. The stock gained 9.50% to Rs.6,355.00. Volumes stood at 2.72 lakh shares in the last session.

Jupiter Wagons Ltd registered volume of 191.39 lakh shares by 14:14 IST on NSE, a 5.6 fold spurt over two-week average daily volume of 34.17 lakh shares. The stock rose 13.54% to Rs.477.15. Volumes stood at 164.83 lakh shares in the last session.

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Net profit of Vijaya Diagnostic Centre rose 21.68% to Rs 33.45 crore in the quarter ended March 2024 as against Rs 27.49 crore during the previous quarter ended March 2023. Sales rose 28.28% to Rs 155.21 crore in the quarter ended March 2024 as against Rs 120.99 crore during the previous quarter ended March 2023.

For the full year,net profit rose 40.41% to Rs 118.83 crore in the year ended March 2024 as against Rs 84.63 crore during the previous year ended March 2023. Sales rose 19.29% to Rs 547.81 crore in the year ended March 2024 as against Rs 459.22 crore during the previous year ended March 2023.

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