Multibagger Penny Stock Under Rs 10: Company launches 'Mumbai City Jobs' Android app; iOS and website coming soon!

Rajnish Retail Limited (formerly Sheetal Diamonds Limited, Scrip Code: 530525) has officially announced the launch of its new digital brand, "Mumbai City Jobs," a comprehensive online job portal and mobile application. This strategic move marks the company's diversification beyond its traditional retail business and into the growing digital and technology sector, specifically focusing on online recruitment. The platform aims to revolutionise and simplify hiring across India by connecting job seekers and employers in real-time, initially available as an Android application with an iOS app and a dedicated website coming soon.

The "Mumbai City Jobs" platform offers a multi-platform presence with verified job listings and advanced features, catering to multiple sectors like Retail, IT, Finance, and Logistics. The company's strategic objective is to establish the portal as a leading national employment platform, competing with major players like Naukri.com, while providing unique value through a focus on metro and tier-2 cities and enhanced trust and transparency via verified profiles. Rajnish Retail Limited anticipates that this initiative will be a significant driver of future growth, strengthening its position as a diversified organisation.

The company is also aggressively expanding its FMCG business, which now boasts over 150 products and a multi-state reach, supported by new warehouse infrastructure at Regency Plaza, Ulhasanagar, Thane, to enhance supply chain efficiency. To boost sales during the festive season, the company is launching a Retailer Incentive Scheme on October 1, 2025, offering significant Gold and Silver rewards tied to sales targets, such as achieving a tier. Moving forward, the company plans to continue diversifying its product portfolio, enter new states, adopt eco-friendly practices, and leverage digital platforms for enhanced customer engagement.

About the Company

Rajnish Retail Ltd, incorporated in 1995 and operating under the brand name Sheetal Diamonds, is a company that manufactures, trades, and exports loose diamonds and jewellery. Their product portfolio includes a wide range of diamonds, from white loose diamonds to fancy cut and colour diamonds, all certified by GIA, IGI or HRD. They also offer a vast selection of over 1,00,000 jewellery designs in categories like rings, earrings, pendants, bracelets/bangles, necklaces, and nose pins. The company caters to diverse tastes with various plating options, including rhodium, silver, antique silver, gold, antique gold, lacquer gold, rose gold, carat gold, Victoria and two-tone plating in gold and rhodium.

The company has a market cap of over Rs 140 crore. The stock gave multibagger returns of 800 per cent in 3 years and a whopping 5,500 per cent in 5 years.

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