Multibagger penny stock below Rs 10 with 1,700 per cent returns hit upper circuit & 52-week high as it is expanding its foot prints in Punjab and Delhi NCR region!

The stock gave multibagger returns of 282.60 per cent from its 52-week low of Rs 2.07 and of a whopping 1,700 per cent in 3 years.

In a strategic move, Sarveshwar Foods is amplifying its organic reach by launching "NIMBARK" stores in Punjab and Delhi NCR, expanding its network to 15 exclusive outlets by the quarter-end. These Himalayan-inspired havens offer authentic, premium organic delights, fulfilling the company's vision to bring healthy goodness closer to more customers.

To offer a convenient and enriching organic shopping experience, Sarveshwar Foods operates two key channels: "NIMBARK Organic Stores" showcase our complete range through dedicated outlets, while over 1200 retail counters and online marketplaces across India, including our website and popular platforms like Amazon, cater to planned and spontaneous needs. This multi-pronged strategy ensures our premium Himalayan-sourced organic delights are always within reach for existing and prospective customers.

Earlier, Sarveshwar Foods Limited became the first company in Jammu & Kashmir to be awarded a "Geographical Indication" tag for its Basmati rice, earning this prestigious recognition from APEDA for the unique quality, origin, and processing methods of its rice. This distinction not only guarantees authenticity for discerning international consumers but also opens doors for deeper market penetration, global expansion, and premium pricing for Sarveshwar's already celebrated rice, renowned for its quality, aroma, and purity.

Sarveshwar Foods Limited (BSE Scrip Code: 543688; NSE Scrip Code: SARVESHWAR), incorporated in 2004 in Jammu & Kashmir, is engaged in the manufacturing, trading and export of Basmati rice, which is long grain rice with a fine texture.

The company has a market cap of Rs 720 crore with a 3-year CAGR of 155 per cent. According to Quarterly Results, the net sales increased by 15.2 per cent to Rs 205.22 crore and net profit increased by 220 per cent to Rs 4.83 crore in Q2FY24 compared to Q2FY23. In its annual results, the net sales increased by 14 per cent to Rs 689 crore and net profit increased by 166.7 per cent to Rs 8 crore in FY23 compared to FY22.

Today, shares of Sarveshwar Foods Ltd hit a 10 per cent upper circuit to Rs 7.92 per share from its previous closing of Rs 7.20 per share. The stock also made a fresh new 52-week high of Rs 7.92 per share. The stock gave multibagger returns of 282.60 per cent from its 52-week low of Rs 2.07 and of a whopping 1,700 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.