Rajnish Wellness trades jubilantly on securing deal with Indian Railways
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Rajnish Wellness is currently trading at Rs. 4.35, up by 0.39 points or 9.85% from its previous closing of Rs. 3.96 on the BSE.
The scrip opened at Rs. 4.19 and has touched a high and low of Rs. 4.35 and Rs. 4.11 respectively. So far 36919995 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 14.69 on 11-Dec-2023 and a 52 week low of Rs. 3.68 on 21-Aug-2024.
Last one week high and low of the scrip stood at Rs. 4.35 and Rs. 3.68 respectively. The current market cap of the company is Rs. 334.29 crore.
The promoters holding in the company stood at 16.24%, while Institutions and Non-Institutions held 1.20% and 82.56% respectively.
Rajnish Wellness has secured an exclusive deal with Indian Railways. The agreement grants Rajnish Wellness the rights to set up Ayurvedic product stores at 315 railway stations nationwide. This strategic partnership is set to transform the Ayurvedic industry by greatly increasing the accessibility and visibility of Ayurvedic products to a vast consumer base.
The exclusive agreement with Indian Railways is a game-changer for Rajnish Wellness. It is anticipated to substantially boost the company’s revenue and enhance its presence in the Indian wellness market. The Ayurvedic market in India is expanding rapidly, driven by increasing consumer interest in natural and holistic health solutions. Rajnish Wellness’ strategic move to tap into the railway passenger base aligns well with this trend, positioning the company at the forefront of this growth.
The collaboration with Indian Railways is not only expected to elevate Rajnish Wellness’s brand but also contribute to the broader growth of the Ayurvedic industry in India. With Indian Railways serving millions of passengers daily, this deal opens up new avenues for Rajnish Wellness to reach a diverse and extensive consumer base, driving increased awareness and adoption of Ayurvedic products.
Rajnish Wellness is a brand- manufacturing selling various ayurvedic medicinal products for personal sexual wellness of the consumers.
