Penny Stock Under Rs 50: Two New Delhi Franchisee Stores Signed by Nandani Creation to Expand Jaipur Kurti Retail Network

On Friday, shares of Nandani Creation Ltd closed at Rs 32.30 per share, down 1.91 per cent from its previous closing of Rs 32.93 per share. During the trading session, the stock surged nearly 2.94 per cent to its Intraday high of Rs 33.90 per share. The stock’s 52-week high is Rs 50.59 per share and its 52-week low is Rs 24.40 per share. As of 4:00 PM IST, the company’s total market capitalisation stood at Rs 61.66 crore.

Nandani Creation Ltd, the women’s Indian wear company operating under the “Jaipur Kurti” brand, has announced the signing of two new franchisee Exclusive Brand Outlet (EBO) stores in Karol Bagh and Rohini, Delhi. Both stores are expected to commence operations in May 2026.

The upcoming stores will be spread across approximately 800-1,000 square feet and will showcase the latest women’s wear collections from “Jaipur Kurti” and “Amaiva by Jaipur Kurti”. The company said the expansion is aimed at strengthening its retail footprint in high-potential commercial hubs while improving accessibility for customers.

According to the company, the franchise partner operating these stores has significant retail experience and currently manages more than 12 Patanjali stores across India. The partnership is expected to support Jaipur Kurti’s strategy of expanding through experienced franchise operators and premium retail locations.

Commenting on the development, Anuj Mundhra, Chairman and Managing Director of the company, said the expansion reflects the company’s focus on scaling through strategic partnerships. He added that the brand is targeting 20 additional stores over the next 18-24 months to strengthen its presence in key high-growth markets.

Currently, the company operates 8 COCO retail stores across Jaipur, Ahmedabad, Kota, Shri Ganganagar, Lucknow and Ghaziabad, along with 5 FOFO retail stores located in Delhi, Gurugram, Mumbai and Ajmer. Jaipur Kurti products are also available through more than 22 Shoppers Stop stores, 80+ SIS stores, 80+ Reliance Trends stores, 35+ Avantara and Kalanikethan stores, over 20 Reliance Centro stores and more than 25 Fashion Factory stores.

Apart from offline retail, the company sells products through major e-commerce platforms including Myntra, Ajio, Nykaa, Flipkart and Tata Cliq, along with its own website and mobile application. The brand is also available on quick commerce platform Swiggy Instamart for faster deliveries.

Founded in 2012 and headquartered in Jaipur, the company operates brands including “Jaipur Kurti”, “Amaiva by Jaipur Kurti” and “Jaipur Kurti Luxe”, focusing on women’s ethnic and fusion wear categories.

The company has a market cap of over Rs 60 crore. The stock price has surged over 9.05 per cent in the last 1 month. The stock has delivered returns of nearly 32.38 per cent from its 52-week low of Rs 24.40 per share.

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