A penny stock company in India, Ajooni Biotech Limited, saw a 2 percent increase in its stock price after launching its own brand to enter the B2C segment and expanding its operations. With a market capitalization of Rs. 114 Crores, the company’s shares were trading at Rs. 6.50, up from Rs. 6.45.
By introducing its own brand, Ajooni Biotech aims to have greater control over quality, pricing, and customer satisfaction, allowing it to better serve its customers and stay ahead of the competition. This move into the B2C market will enable the company to reach individual consumers directly, offering a wider range of products and services to improve its overall performance.
The company has appointed over 100 Dealers across India in the initial phase of its expansion and plans to surpass 300 Distribution Points by the end of the quarter. Ajooni Biotech is focused on becoming a leading provider of pure veg Cattle feed and Supplements in the industry.
To support its growth, the company is investing in expertise by assembling a team of veterinary doctors and specialists to develop innovative products and services that meet the evolving needs of farmers and owners of pure vegetarian animals.
Ajooni Biotech Limited is an animal health care solutions company that manufactures compounded animal feed and feed supplements in India. Its revenue from operations has grown by 89 percent from Q3FY23 to Q3FY24, accompanied by profits as well.
The company has reported a return on equity (ROE) of 3.86 percent, a return on capital employed (ROCE) of 5.97 percent, and a debt-to-equity ratio of 0.18. It continues to focus on expanding its presence and offerings in the market.