Multibagger Penny Stock Under 10 in Focus as Company Receives Prestigious Repeat Export Order from Avon Animal Health, Bangladesh

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 3.46 per share.

Ajooni Biotech Limited (NSE: AJOONI), a PURE VEG. animal health care solutions company is pleased to announce the receipt of a prestigious repeat export order from Avon Animal Health, one of the leading companies in Dhaka, Bangladesh. Recognized for its dedication to delivering high-quality animal health products and educating farmers on their efficacy, Avon Animal Health has expressed interest in purchasing Ajooni’s cattle feed supplements.

AVON Animal Health is a leading importer, trader and distributor of high-quality animal health products in Bangladesh. Specialized in sourcing and promoting effective products for local farmers, serving major breeding companies, commercial farms and retail operators. Ajooni Biotech is delighted to receive a repeat order from Avon Animal Health, marking a significant milestone in their partnership. This opportunity allows them to expand their export operations to include key cattle feed supplements such as Calcium, Mineral Mixture, Molasweet and Rumesin to Avon Animal Health and other clients in Asian countries.

As the company navigates the international market, they are confident that its collaboration with Avon Animal Health and other partners will contribute to shared success. Ajooni remains committed to fostering enduring relationships and providing top-notch products to meet the needs of esteemed clientele.

In FY 2023- 24, the Company reported revenue of Rs 82.30 crore, EBITDA of Rs 4.43 crore and net profit of Rs 2.17 crore. In FY 2024-25, the company is expecting a total turnover of Rs 100 – Rs 140 crore.

On Friday, shares of Ajooni Biotech Ltd hit a 5 per cent lower circuit to Rs 7.03 per share from its previous closing of Rs 7.41. The company has a market cap of Rs 121 crore. The stock’s 52-week high of Rs 10.34 and its 52-week low is Rs 3.46. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 3.46 per share.

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. With a comprehensive feed range, AJOONI has emerged as a significant player in the animal pure veg feed and pure veg feed supplement. Opting for AJOONI signifies partnering with a responsive, attentive ally boasting extensive experience and a nuanced understanding of the intricate dynamics within the livestock market. AJOONI's primary objective revolves around optimizing productivity, meeting animals' PURE VEG nutritional and feed requirements comprehensively and attaining an optimal dietary balance. AJOONI aims to be a steadfast ally to farmers, with our team of experts offering their wealth of knowledge and years of experience to devise tailored diet programs and provide optimal recommendations for the sustained growth and advancement of livestock, which gives it an edge for exponential growth in its product offerings.

Investors should keep an eye on this micro-cap stock.

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