Multibagger penny stock under Rs 5 with 1,000 per cent returns: This micro-cap company inaugurated its first NIMBARK Organic Store in Chandigarh; know more here!

The stock gave multibagger returns of 157 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 5 per cent upper circuit to Rs 4.67 per share from its previous closing of Rs 4.45 per share. The stock’s 52-week high is Rs 5.50 per share and its 52-week low is Rs 2.07.

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 announces opening of ‘NIMBARK Organic Store’ in Kharar, Chandigarh, as a part of its pre-defined business strategy to expand its presence through its signature stores, retail counters, online market places beyond the territories.

What are NIMBARK Organic Stores?

The company’s signature stores, opened and being operated by our material subsidiary M/s Himalayan Bio Organic Foods Limited which showcase company’s entire range of organic food offerings at one place to provide our existing and prospective customers with an easier, more intuitive, user-friendly shopping experience.

Sarveshwar Foods Limited has adopted a multi-prong strategy to sell its products through a wide array of store formats, including Signature Stores, Retail Counters, and online platforms. The Company has over 700 Retail Counters in major consumption centres across India. Additionally, its products are available online through the Company website and other market places such as Amazon, Flipkart, Big basket, Jiomart, and ONDC.
Sarveshwar Foods is a company that produces organic products using fertile soil, organic manure, and snow-melted water from the Chenab River. The company does not use any artificial fertilizers or chemicals. Sarveshwar Foods sells its products under the brand name NIMBARK, which is inspired by the philosophy of the 'SATVIK' conscious lifestyle.

Sarveshwar Foods and its wholly owned subsidiary Himalayan Bio Orgnic Foods Limited have devised a plan to double the number of their Nimbark Signature Stores, Retail Counters, and presence on all other Marketplaces in the coming few quarters. This is part of the company's ambition to help every Indian household get access to its quality organic products at reasonable price points.

The company has a market cap of Rs 457 crore with a 3-year CAGR of 121 per cent. The stock gave multibagger returns of 157 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.