This S&P BSE Smallcap Stock rose 2% within the first hour of markets opening after having a bulk deal involving 41.5 lakh shares. The company has a market cap of Rs. 932 crore and is 40% away from its 52 week high, trading at Rs. 12.14 versus Rs. 11.93 at previous close.
The stock is seeing volumes that are over 0.5x the monthly average. The company stock has returned 5,845% in the last 3 years.
On October 11th 2023, BSE reflected a bulk purchase of Rajnish Wellness Ltd (“Rajnish Wellness”). The purchase was done by Rajkumar Dinesh Masalia who bought 4,150,000 shares in an open market transaction at Rs. 11.93 which is the price at closing on Tuesday.
Rajnish Wellness Limited, a business based in Mumbai, was founded in 2015 and is in the business of selling a wide range of goods, from consumer goods to ayurvedic personal care items.
The company’s primary areas of focus are personal care items, energy boosters, and sexual wellness. At the moment, the company’s product line includes contraceptives, supplements for sexual enhancement, personal lubricants, and personal and healthcare items.
In FY23, the company’s revenue degrew 4% YoY and Net Profits saw growth of 28%. Further, Net Margins expanded 35 bps during the same period.
The company has stable shareholding with 16% promoter holding, and the rest being held by the public. The company has no short interest and the promoters do not have any pledges for the last 4 quarters.
Written by Sandeep R
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