Multibagger Penny Stock Under 10 in Green as Company Receives BIS Certification & ISI Mark for Mineral Mixture Product
The stock gave multibagger returns of 175 per cent from its 52-week low of Rs 3.46 per share.
Ajooni Biotech Limited (NSE: AJOONI), Ajooni Biotech Limited is a PURE VEG. animal health care solutions company. The company 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. The company announced that they have been awarded the prestigious Bureau of Indian Standards (BIS) certification for its mineral mixture product. This achievement highlights the company's unwavering commitment to delivering premium quality products in the agricultural sector.
The BIS certification not only validates Ajooni's adherence to the highest industry standards for safety and quality but also strengthens its position as a reliable supplier to the farming community. By ensuring access to superior, certified products, this recognition supports farmers in enhancing livestock health and boosting productivity, aligning with Ajooni’s goal of driving excellence in agriculture.
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.
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On Friday, shares of Ajooni Biotech Ltd gained 0.42 per cent to Rs 9.50 per share from its previous closing of Rs 9.46. The company has a market cap of over Rs 160 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 175 per cent from its 52-week low of Rs 3.46 per share.
Ajooni Biotech Limited, a leading innovator in pure vegetarian animal healthcare solutions, prioritises 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 optimising productivity, meeting animals' complete nutritional needs through a purely vegetarian diet and achieving optimal dietary balance.
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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