Penny stock below ₹5: Rajesh Wellness share price jumps over 5% on THIS business update
Penny stock 2024: Rajnish Wellness shares, priced below ₹5, surged over 5 per cent on Tuesday, October 15 following the company’s announcement to open 20 new Dava Discount outlets.
The healthcare and wellness company announced plans to open 20 new Dava Discount outlets across key cities in India, fueling investor interest and boosting the stock price.
Rajnish Wellness share price was trading in the green, up 4.12 per cent at ₹3.03 on October 15, at 2:39 pm on BSE. The stock rose 5.5 per cent in intra-day deals to the day’s high of ₹3.07. The company enjoys a market capitalisation of ₹232.85 crore.
The company expects this expansion to generate an annual revenue of ₹300 crore to ₹400 crore. Each new outlet is projected…
