Moneycontrol PRO
HomeNewsBusinessAayush Wellness shares hit upper circuit as firm announces expansion

Aayush Wellness shares hit upper circuit as firm announces expansion

The company aims to tap the growing demand amid its expansion plans, after initially announcing it in April this year.

June 23, 2025 / 18:09 IST
The company announced the expansion in a stock exchange filing.

Preventive healthcare company Aayush Wellness Ltd has announced its foray into tele-consultation and diagnostic testing segments to tap the growing demand for doorstep healthcare solutions, according to a statement.

These services will be offered through a website and a mobile app specifically designed to make essential health services more accessible and affordable, especially for families and working individuals who want straightforward healthcare from home, Aayush Wellness said in the statement.

The diagnostics market in India is currently valued at Rs 1.11 lakh crore, growing at a CAGR of 14 per cent, with home sample collection projected to contribute nearly 25-30 per cent of this share in the coming year, the company stated.

"By combining user-friendly digital interfaces with on-ground services, the company aims to capture this high-growth segment," Aayush Wellness Managing Director Naveena Kumar said.

The company will offer a wide range of lab tests, including blood work, health panels, and preventive screenings, under the diagnostic segment with home sample collection and teleconsultation facilities.

The company in April had announced a Rs 25 crore investment to expand its preventive healthcare services with smart health kiosks in the initial phase.

Shares of the company settled higher after hitting upper circuit in the trade today.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
PTI
first published: Jun 23, 2025 05:41 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347