2:1 Bonus Share & 10:1 Stock Split: Back-to-back upper circuits in this multibagger penny stock at 9.75 post bagging new order from Shri Mata Vashino Devi Shrine Board, J&K

The stock gave multibagger returns of 317 per cent in just 1 year and of a whopping 900 per cent in 5 years.

Today, shares of Sarveshwar Foods Ltd hit a 5 per cent upper circuit to Rs 9.75 per share from its previous closing of Rs 9.30 per share. The stock’s 52-week high is Rs 15.55 and its 52-week low is Rs 2.19. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

Sarveshwar Foods Limited (SFL), a company with over 130 years of experience, is a leading manufacturer, trader, processor, and marketer of branded and un-branded Basmati and non-Basmati rice in both domestic and international markets. Their operations are based in Jammu and Kashmir, where the foothills of the Himalayas provide the perfect growing conditions for their rice. SFL is committed to sustainable and eco-friendly practices, using organic manure and snowmelt from the Chenab River to cultivate their full range of organic products sold under the brand name ‘NIMBARK’. This brand reflects their philosophy of promoting a ‘SATVIK’ lifestyle based on conscious living. Notably, SFL is the first private-sector food company in Jammu & Kashmir to be listed on both the NSE (SARVESHWAR) and BSE (543688).

Sarveshwar Foods has secured a significant contract to supply their premium Steamed Basmati Rice to the revered Shri Mata Vaishno Devi Shrine Board in Jammu and Kashmir. This prestigious selection by an organization known for its dedication to high-quality provisions reinforces Sarveshwar Foods' reputation for excellence and reliability. Their unwavering commitment to quality extends beyond this contract, as they ensure all their rice products meet the highest standards through strict quality control and sustainable farming practices. Every bag of Sarveshwar Foods rice guarantees freshness, purity, and essential nutrients, offering a wholesome eating experience not just to pilgrims visiting the holy shrine, but to customers worldwide.

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The company has a market cap of Rs 950 crore with a 3-year CAGR of 100 per cent. According to Quarterly Results, the net sales increased by 24.7 per cent to Rs 229.38 crore and net profit increased by 186.6 per cent to Rs 4.93s crore in Q3FY24 compared to Q3FY23. 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.

The company's shares have ex-traded bonus shares and stock split in the financial year 2023 – 2024, i.e., 2:1 bonus shares and stock split from a face value of Rs 10 to Rs 1. The stock gave multibagger returns of 317 per cent in just 1 year and of a whopping 900 per cent in 5 years.

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