Aayush Wellness hits upper circuit on bagging order worth $3 million from M/s Cosmos Holdings
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Aayush Wellness is currently trading at upper limit of Rs. 184.15, up by 3.60 points or 1.99% from its previous closing of Rs. 180.55 on the BSE.
The scrip opened at Rs. 184.15 and has touched a high and low of Rs. 184.15 and Rs. 184.15 respectively. So far 260233 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.15 on 13-Dec-2024 and a 52 week low of Rs. 3.43 on 14-Dec-2023.
Last one week high and low of the scrip stood at Rs. 184.15 and Rs. 170.20 respectively. The current market cap of the company is Rs. 597.57 crore.
The Non-Institutions held 100% stake in the company.
Aayush Wellness has received a significant order worth $3 million from M/s Cosmos Holdings Pte, a leading distributor in Singapore, to supply various healthcare and nutraceutical products.
Singapore’s health supplements market is estimated to be worth $202.8 million in 2024 and its annual growth rate is projected to be 3.81% p.a. This order marks a significant milestone for Aayush Wellness and marks its entry on a global nutraceuticals and healthcare market.
This agreement signifies a major step in Aayush Wellness’s global expansion strategy. This contract with Cosmos Holdings Pte not only enhances profitability but also establishes a strong foothold in Southeast Asia, positioning the company for continued success.
Under the terms of the agreement, Aayush Wellness will provide its flagship nutraceutical products to cater to Singapore’s growing demand for high-quality dietary supplements including effervescent tablets, marine collagen, probiotics, and super greens powders and more in a period of 1 year.
Aayush Wellness is a pioneering name in health and wellness solutions, dedicated to offering products that merge wellbeing with innovation.
