Multibagger Penny Stock Under Rs 100: Healthcare Company Launches Smart Health Kiosks With Health ATM Offering 59 Quick Diagnostic Tests; Stock Price Hits Upper Circuit
The stock has given multibagger returns of 417 per cent in the last year.
Shares of this healthcare company locked in the 2 per cent upper circuit on Friday, with a seventeen-day winning streak. The stock has given multibagger returns of 417 per cent in the last year. The stock is down by 31 per cent on a YTD basis, but it has gained 54 per cent in the last month.
Aayush Wellness Limited, described as India's preventive healthcare company, is expanding its operations into healthcare by launching Smart Health Kiosks and Medical Support Centers. The company has opened its first center in Virar, Mumbai, Maharashtra. This initiative is inspired by the E-Sanjeevani National Telemedicine Service of the Ministry of Health and Family Welfare.
A key feature of the new center is the installation of a health ATM. This ATM can conduct up to 59 diagnostic tests, including blood tests, sugar tests, urine tests, hemoglobin tests, skin tests, eye tests, cancer risk tests, and lipid profile tests. The tests are designed to be completed in 2-3 minutes. The system will maintain digital health records and facilitate telemedicine services.
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The company emphasises that this Cloud Clinic model, utilizing the Health ATM, will deliver affordable, high-quality healthcare services, particularly to underserved populations in India. Aayush Wellness believes its solution promotes early detection and prevention, empowering individuals in rural and semi-urban areas to proactively manage their health in an accessible and cost-effective manner.
Aayush Wellness plans to invest up to 25 crores in the first phase of this expansion. Further investments will be reviewed based on business needs. The company aims to increase its physical presence across India, enhance its offline distribution network, and offer comprehensive preventive healthcare solutions under one roof.
The services offered at Aayush Wellness Healthcare Centres include core diagnostic services like health checks at Health ATMs and regular age-based checkups, treatment assistance such as online consultations and help with hospitalizations and appointments, and other services like assistance with government programs, health campaigns, insurance and claims processing, vaccinations, mental wellness programs, home care coordination, and patient transportation assistance.
About the Company
Aayush Wellness Limited, established in 1989, is described as a pioneering name in health and wellness solutions. It is an ISO 9000 and 22000 certified company. The company focuses on providing products that integrate well-being with innovation and is committed to offering quality products and services to enhance consumer well-being. Aayush Wellness is recognized as India's preventive healthcare company.
Investors should keep eye on this Small-Cap penny stock.
Disclaimer: The article is for informational purposes only and not investment advice.