Rs 1 lakh investment could have turned Rs 32.47 lakh in a year!
Rajnish Wellness Ltd, primarily engaged in the pharma business, has delivered phenomenal returns for its shareholders in the past 1 year. From June 28 2021 to June 28 2022, the scrip has jumped from Rs 6.22 to Rs 202.00, making a simple return of 3146 per cent.
Many attribute investing in penny stocks to gambling. However, smart investors invest in the business. Even if the business is small, if the fundamentals and growth opportunity are viable, risk-taking investors are ready to park some amount in penny stocks.
For the year ended FY22, the revenues of the company stood at Rs 26.44 crore which showcased a growth of 98.2 per cent. The EBITDA witnessed a growth of 155 per cent to reach Rs 1.2 crore. The bottom line too grew by 239 per cent to Rs 0.39 crore.
Rajnish Wellness is a brand manufacturing and selling various ayurvedic medicinal products for the personal sexual wellness of consumers. The company’s product portfolio covers ayurvedic ethical medicines, personal care products, and medicinal sexual enhancement products which are easily available across the medical counters. The company is growing as an exclusive, sole marketer, distributor and seller of herbal formulations and personal care products for the long-term healthcare of people.
The scrip has a 52-week high and low of Rs 240.85 and Rs 6.04, respectively.
Read More: From Rs 6.22 to Rs 202: This penny stock delivered 3146 per cent returns in a year!