Penny stock under Rs 5 in green as company is expanding its retail footprint by opening 20 new Dava Discount outlets across key cities in India
Operating profit margins are expected to range from 5 per cent to 9 per cent, varying based on location and geographical factors.
Today, shares of Rajnish Wellness Limited gained 3.44 per cent to Rs 3.01 per share from its previous closing of Rs 2.91. 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 Rs 231.31 crore.
Rajnish Wellness Ltd. is demonstrating its commitment to expanding its retail footprint in India through the strategic opening of 20 new Dava Discount outlets across key cities. This initiative aims to enhance accessibility to affordable healthcare products and capitalize on the growing market demand for wellness and healthcare solutions. Key highlights of this expansion include a projected annual revenue per outlet ranging from Rs 15 million to Rs 20 million, leading to a total projected revenue of Rs 300 million to Rs 400 million annually from all 20 outlets.
Operating profit margins are expected to range from 5 per cent to 9 per cent, varying based on location and geographical factors. Each outlet will offer a comprehensive range of affordable medicines, as well as the in-house Play Win brand, focusing on sexual wellness and personal care products. This expansion is strategically positioned in high-demand areas with significant healthcare sales potential, further solidifying Rajnish Wellness Ltd.'s presence in the healthcare market.
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Rajnish Wellness has also secured a contract with the Indian Railways to establish 270 Dava Discount stores across West Bengal, catering to both railway passengers and personnel. With these expansions, RWL aims to make affordable healthcare solutions accessible to more people across India.
With this significant expansion, Rajnish Wellness is poised to strengthen its presence in the Indian market and continue its commitment to providing affordable and accessible healthcare solutions to people across the country.
Disclaimer: The article is for informational purposes only and not investment advice.