900 per cent returns in this multibagger stock under Rs 100: Board announces bonus shares and stock split; hit 10 per cent upper circuit!

The stock is up by 65.53 per cent in just 1 month.

On Wednesday, one of the Top Gainers on NSE, shares of Sarveshwar Foods Ltd jumped 10 per cent upper circuit of Rs 114.05 per share from its previous closing of Rs 103.70. The stock also made a new 52-week high of Rs 114.05 per share.

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; announced that the Board of Directors of the company have approved sub-division/ split of company’s 1 equity shares of the company having a face value of Rs 10 each into 10 equity shares of the company having face value of Rs 1 each and bonus shares in the ratio of 2:1 i.e. 2 equity shares for every 1 equity share having a face value of Rs 1 each (considering the post-sub-division/split of the face value of equity shares) held by the eligible shareholders of the company as on the record date.

Talking about the financials, Sarveshwar Foods has a market cap of Rs 345 crore with a 3-year stock price CAGR of 115 per cent. The company reported positive numbers in its Quarterly Results and annual results.

The company reported net sales of Rs 129.81 crore in Q4FY23 compared to net sales of Rs 202.35 crore in Q4FY22 while the net profit increased by 81 per cent to Rs 1.81 crore in Q4FY23 over Q4FY22. The net sales increased by 14 per cent to Rs 689 crore and net profit skyrocketed by 167 per cent to Rs 8 crore in FY23 over FY22.

The stock is up by 65.53 per cent in just 1 month and gave multibagger returns of over 900 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.