Multibagger penny stock under Rs 10 with 1,500 per cent returns; Scrip hits back-to-back upper circuits & 52-week highs after bonus shares & stock split!
The stock gave multibagger returns of 135 per cent in just 1 year and of a whopping 1,500 per cent in 3 years.
On Tuesday, shares of Sarveshwar Foods Ltd hit a 2 per cent upper circuit to Rs 5.20 per share from its previous closing of Rs 4.30 per share. The stock’s 52-week high of Rs 5.40 per share. In recent trading sessions, the stock has been hitting back-to-back upper circuits and 52-week highs.
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 Board of Directors of the company allotted 65,25,44,000 Equity shares of Rs 1 each as fully paid bonus shares in the ratio 2:1 and stock split from Rs 10 to Rs 1 to the existing shareholders of the company as on record date i.e., September 15, 2023.
Post the above allotment, the paid-up equity share capital of the company would stand at Rs 97,88,16,000 divided into 97,88,16,000 equity shares of Rs 1 each. The said shares shall rank pari-passu with existing equity shares of the company in all respects.
Earlier, the company announced its stellar Quarterly Results wherein net sales increased by 44.58 per cent to Rs 187.68 crore and net profit increased by 60.26 per cent to Rs 2.90 crore in Q1FY24 compared to Q1FY23.
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 530 crore with a 3-year CAGR of 150 per cent.
The stock gave multibagger returns of 135 per cent in just 1 year and of a whopping 1,500 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.
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