By Aditya Raghunath
Investing.com -- Small-cap health and wellness company, Nureca Ltd (NS: NURE ), is having a field day in the markets. It has gained 319% since it made its debut on the stock markets on February 26 this year. It closed September 17 at Rs 1,674.95 compared to its issue price of Rs 400.
The company’s products like pulse oximeters and blood pressure monitors have been flying off the shelves in the aftermath of the second wave and the possibility of a third COVID wave.
The company is practically debt-free and its health and wellness products should continue to see good traction. The company has been range-bound for the last two months but analysts feel like this has been a good consolidation period for the stock.
Nureca has five product categories that it sells through multiple digital channels. The products are classified into chronic device products, orthopedic products, mother and child products, nutrition supplements, and lifestyle products. Dr Physio is used to sell products that relieve chronic pain, and Trumom sells mother and child products. Apart from this, it also sells through third parties, including e-commerce channels as well as distributors and retailers.
Analysts say that if the stock crosses the Rs 1,800 level it can test Rs 2,000.
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