Penny stock under 10 jumps 16.93% after securing Rs 250 million order from India’s leading dairy cooperative
DSIJ Intelligence-1Categories: Penny Stocks, Trending
In FY25, the company has reported revenue of Rs 115 crore, EBITDA of Rs 4 crore and net profit of Rs 3 crore.
On Tuesday, shares of Ajooni Biotech Ltd jumped 16.93 per cent to an intraday high of Rs 5.94 per share from its previous closing of Rs 5.08 per share. The company has a market cap of Rs 90 crore. The stock’s 52-week high of Rs 10.34 and its 52-week low is Rs 5.01. The stock is up by 18.6 per cent from its 52-week low of Rs 5.01 per share.
Ajooni Biotech Limited has secured a significant order worth Rs 250 million from a leading dairy cooperative in India for the supply of high-quality cattle feed. This repeat order highlights the client's confidence in Ajooni's products, which are formulated to improve livestock health and milk yield. The company stated that its production teams are fully prepared to meet the contract's quality and delivery requirements, further solidifying its leadership in the animal nutrition sector and strengthening its position in the growing Indian dairy market.
In addition to the new order, Ajooni Biotech is making steady progress on its new manufacturing facility. The state-of-the-art plant, which will have an annual production capacity of 120,000 MT of cattle feed, is on track to become operational by November 2025. The new facility is equipped with modern technology designed to enhance operational efficiency, reduce production costs, and boost the company's revenue generation.
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About the Company
Ajooni Biotech Limited, a pioneering force in the animal healthcare industry, is dedicated to providing cutting-edge, pure vegetarian solutions. With a steadfast commitment to quality, safety, and innovation, Ajooni has established itself as a leading provider of animal feed and supplements. By offering a comprehensive range of products, Ajooni empowers farmers to optimise livestock productivity, meet specific nutritional needs, and achieve optimal dietary balance. The company's team of experienced experts provides tailored dietary programs and recommendations, ensuring the sustained growth and well-being of animals. Ajooni's unwavering focus on customer satisfaction and its deep understanding of the livestock market position it for significant growth and a promising future.
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In the organised listed space, Ajooni Biotech is the 1st PURE VEG. Cattle Feed & PURE VEG. Supplement feed & Leading Producer in the Industry. In FY25, the company has reported revenue of Rs 115 crore, EBITDA of Rs 4 crore and net profit of Rs 3 crore.
Disclaimer: The article is for informational purposes only and not investment advice.