Penny Stock Under 10 Jumps After Securing an Rs 48 Million Order From Their Valuable Customer
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 16.6 per cent from its 52-week low of Rs 5.01 per share.
On Wednesday, shares of Ajooni Biotech Ltd jumped 2.82 per cent to Rs 5.84 per share from its previous closing of Rs 5.68 per share. The company has a market cap of over Rs 100 crore. The stock’s 52-week high of Rs 9.89 per share and its 52-week low is Rs 5.01 per share. The stock is up by 16.6 per cent from its 52-week low of Rs 5.01 per share.
Ajooni Biotech Limited has announced the receipt of a substantial new order for its scientifically formulated cattle feed, valued at Rs 48 million. The company stated that securing this contract is a testament to the trust its customers place in the quality of its products and services. The order is considered a significant milestone, reinforcing Ajooni Biotech's commitment to delivering excellence, strengthening customer relationships and creating sustainable value within the animal feed industry.
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.
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.