FIIs Bought 25,71,099 Shares & Promoters Hold More Than 50 Per Cent Stake: Multibagger Penny Stock Under Rs 10 Jumps Over 5 Per Cent
The stock is up by 26 per cent from its 52-week low of Rs 6.52 per share and gave multibagger returns of over 500 per cent in 3 years.
On Tuesday, one of the Top Gainers on BSE, shares of Sarveshwar Foods Ltd jumped over 5 per cent to Rs 8.21 per share from its previous closing of Rs 7.81 per share. The stock’s 52-week high is Rs 15.73 per share and its 52-week low is Rs 6.52 per share.
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).
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Sarveshwar Foods, known for premium Himalayan basmati rice, champions sustainable farming. Their soil mapping program empowers farmers with location-specific data, optimizing 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 Pte. Limited. These strategic moves capitalize on growing global demand for rice-based products, aligning with their ambitious Rs 2,000 million business target.
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 a of December 2024. The company has a market cap of Rs 800 crore with a 3-year stock price CAGR of 135 per cent. The stock is up by 26 per cent from its 52-week low of Rs 6.52 per share and gave multibagger returns of over 500 per cent in 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.