Heavy Buying Penny Stock Under Rs 5; Hit 10 Per Cent Upper Circuit On October 16 On Positive Results For Q2FY25 & H1FY25
The shares of the company saw a spurt in volume by more than 2.75 times on BSE.
On Wednesday, shares of Rajnish Wellness Limited hit a 10 per cent upper circuit to Rs 3.31 per share from its previous closing of Rs 3.01. The stock’s 52-week high is Rs 14.69 and its 52-week low is Rs 2.82. The company has a market cap of over Rs 250 crore. The shares of the company saw a spurt in volume by more than 2.75 times on BSE.
The sudden rise in the stock price was due to the company announcing positive Quarterly Results (Q2FY25) and half-yearly results (H1FY25). Here are the details: -
According to quarterly results, the company reported net sales of Rs 17.42 crore and net profit of Rs 0.28 crore in Q2FY25 compared to net sales of Rs 18.51 crore and net profit of Rs 0.10 crore in Q2FY24. In its half-yearly results, the company reported net sales of Rs 33.72 crore and net profit of Rs 0.45 crore in H1FY25 compared to net sales of Rs 27.02 crore and net profit of Rs 0.65 crore in H1FY24.
Rajnish Wellness Ltd is making a significant stride in expanding its retail presence in India. The company's strategic decision to open 20 new Dava Discount outlets in key cities is a testament to its commitment to enhancing accessibility to affordable healthcare products. This expansion is expected to generate substantial revenue, with each outlet projected to earn between Rs 15 million and Rs 20 million annually.
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Furthermore, Rajnish Wellness has secured a contract with Indian Railways to establish 270 Dava Discount stores in West Bengal, further solidifying its position as a leading player in the healthcare market. By offering a wide range of affordable medicines and in-house products, Rajnish Wellness is catering to the growing demand for wellness and healthcare solutions. The company's focus on high-demand areas with significant healthcare sales potential ensures that its products reach the people who need them most. With these expansions, Rajnish Wellness is not only strengthening its market presence but also making a positive impact on the lives of millions of people across India.
Rajnish Wellness Ltd., established in 2015, is a prominent player in the Indian healthcare market, specializing in sexual wellness, energy revitalization, and personal care products. With its flagship brand "PlayWin," the company has gained significant traction in the sexual wellness category. Rajnish Wellness offers a comprehensive range of products, including contraceptives, sexual enhancement supplements, personal lubricants, and personal and healthcare products, available under various brand names such as PlayWin, Rajnish, and Madamrit. The company's strong geographical presence across India, particularly in key states like Maharashtra, Uttar Pradesh, Karnataka, and Bihar, ensures widespread accessibility to its products through a vast network of medical stores.
Disclaimer: The article is for informational purposes only and not investment advice.