NURECA Share Price hits 5% UPPER CIRCUIT today; has shot up nearly 30% in last 1 week

Nureca share price has been rising sharply in recent days. It is not surprising as the products of Nureca will be in good demand considering the Covid fears are resurfacing in India. Last year it was Oximeters and Thermometers, while going forward it can be some other product or technology. Due to increasing Covid cases, Nureca will see good demand for their products and that’s the key reason that the stock price is locked at the upper circuit.

Nureca share price today is Rs 1160.75, up Rs 55 or 5%. Nureca share price has moved from Rs 911 to Rs 1160.75 in the last 1 week. The stock witnessed 3 upper circuits of 20%, 10% and 5% in past few sessions.  

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Nureca has done well for its shareholders and is continuing the momentum. This newly listed IPO multiplied investors' money 2.75x in almost 45 days after getting listed. The IPO was issued at Rs 400 to investors.  Many analysts on the street are extremely bullish on Nureca after the strong Management commentary and vision they have for the business. Brokerages report will kick in after meeting the management of Nureca in a few days highlighting the business prospects and the upgrades. 

With Covid fears resurfacing, it is expected that the company products are going to see increased demand. This company is into the medical equipment business and the market cap of Nureca is Rs 1105 cr. Many Analysts believe that the model of the business is strong enough to generate good growth in future.

According to management, since the onset of the COVID-19 pandemic in March 2020, the company has responded swiftly by implementing various processes to ensure continuous and seamless operations that have resulted in the boosted top and bottom lines. NURECA is selling its products under the brand names of "Dr.Trust", "Dr. Physio" and "TRUMOM".