FIIs Bought 25,71,099 Shares: Penny Stock Under Rs 10 Jumps On Positive Credit Rating Upgrade Notification

Kiran Shroff
/ Categories: Trending, Penny Stocks
FIIs Bought 25,71,099 Shares: Penny Stock Under Rs 10 Jumps On Positive Credit Rating Upgrade Notification

The company has a market cap of Rs 780 crore with a 3-year stock price CAGR of 135 per cent.

On Wednesday, one of the Top Gainers on BSE, shares of Sarveshwar Foods Ltd jumped 4.36 per cent to Rs 8.13 per share from its previous closing of Rs 7.79 per share. The stock’s 52-week high is Rs 15.73 per share and its 52-week low is Rs 7.34 per share.

Sarveshwar Foods Ltd informed that the company received a credit rating upgrade. Infomerics Valuation and Rating Private Limited, in their rating dated February 3, 2025, upgraded the company's long-term bank facility from IVR BBB/Stable to IVR BBB+/Stable, and the short-term bank facility from IVR A3+ to IVR A2. The long-term facility covers Rs 114.01 crore, while the short-term facility covers Rs 23.80 crore, totalling Rs 137.81 crore.

Additionally, Sarveshwar Foods, known for premium Himalayan basmati rice, champions sustainable farming. Their soil mapping program empowers farmers with location-specific data, optimising fertilizer use and enhancing soil health. This, coupled with their organic 'NIMBARK' brand and focus on 'SATVIK' living, promotes organic basmati production and empowers farmers. Globally, the company secured a Rs 498 million export order from the US, acquired a majority stake in Natural Global Foods DMCC to strengthen its Middle Eastern presence, and received a Rs 445 million order for premium Indian rice through its subsidiary, Green Point Private Limited. These strategic moves capitalise on growing global demand for rice-based products, aligning with their ambitious Rs 2,000 million business target.\

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About the Company

Sarveshwar Foods Limited (SFL) is a 130-year-old company certified by ISO 22000:2018, USFDA, BRC, and other global standards. They specialize in manufacturing, trading, and marketing branded and unbranded rice, both domestically and internationally. Based in Jammu and Kashmir, SFL leverages the fertile Himalayan foothills to cultivate a wide range of organic products under the "NIMBARK" brand, promoting a conscious and healthy lifestyle.

For the first half of the fiscal year 2025 (H1FY25), the company experienced significant growth compared to the same period in the previous year (H1FY24). Total revenue surged by 28.4 per cent, reaching Rs 504.36 crore, while profit after tax (PAT) increased by 45.2 per cent, amounting to Rs 11.24 crore. This positive trend continued into the second quarter of FY25 (Q2FY25), with total revenue climbing 32.2 per cent to Rs 271.31 crore and PAT soaring 66.3 per cent to Rs 8.15 crore compared to the corresponding quarter of the previous year (Q2FY24).

In December 2024, FIIs bought 25,71,099 shares and increased their stake to 0.31 per cent compared to September 2024 and promoters of the company hold 52.34 per cent stake in the company as of December 2024. The company has a market cap of Rs 780 crore with a 3-year stock price CAGR of 135 per cent. The stock is up by 11 per cent from its 52-week low of Rs 7.34 per share. Investors should keep an eye on this stock.

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

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