Penny stock under Rs 10: This animal feed company entered High Margin B2C Gujarat market for supply of Pure Veg Cattle feed

The stock is up by 90 per cent from its 52-week low of Rs 3.38 per share.

Ajooni Biotech Limited (NSE: AJOONI), Ajooni Biotech Limited is a PURE VEG. animal health care solutions company. It stands as a trailblazer, innovator, and frontrunner in the realm of animal feed production, prioritizing excellence in quality, safety, and production innovation, along with a commitment to delivering exceptional customer service. Ajooni is pleased to announce the entry in B2C Gujarat market for the supply of Pure Veg Cattle feed. This milestone reflects the growing confidence in Ajooni Biotech's products and its commitment to expanding its market presence. In the organized listed space, Ajooni Biotech is the 1st PURE VEG. Cattle Feed & PURE VEG. feed Supplement Producer in the Industry.

The company has a strong contract manufacturing presence and counts large corporates among its customers. To expand our business and customer base we are proud to announce that we've taken the bold step of dealing with its brand, which will enable us to have greater control over quality, pricing, and customer satisfaction. This strategic move will allow us to better serve our customers and stay ahead of the competition.

Earlier, the company secured a prestigious order valued at Rs 4.95 crore from a top 10 Indian dairy supplier, reflecting growing confidence in their products. They are expecting a total turnover of Rs 100-140 crore in FY 2024-25 and are actively expanding exports while venturing into Moringa production for biofuel in FY 2025-26, aiming for a significant rise in turnover to Rs 350-410 crore by then and Rs 450-495 crore by FY 2026-27.

About the Company

Ajooni Biotech Limited, a leading innovator in pure vegetarian animal healthcare solutions, prioritizes quality, safety, and production advancements to deliver exceptional service and a comprehensive feed range for both pure vegetarian animal feed and supplements. By partnering with Ajooni, you gain an experienced and knowledgeable ally with a deep understanding of the livestock market. Their focus is on optimizing productivity, meeting animals' complete nutritional needs through a pure vegetarian diet and achieving optimal dietary balance.

On Wednesday, shares of Ajooni Biotech Ltd hit a 5 per cent upper circuit to Rs 6.43 per share from its previous closing of Rs 6.13. The company has a market cap of over Rs 110 crore. The stock’s 52-week high is Rs 7.40 and its 52-week low is Rs 3.38. The stock is up by 90 per cent from its 52-week low of Rs 3.38 per share. Investors should keep an eye on this micro-cap stock.

 Disclaimer: The article is for informational purposes only and not investment advice. 

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