Rice Company’s Multibagger Penny Stock Under Rs 15 In Focus As Company Achieves Rs 500 Crore Sales For The First Time In Half A Fiscal Year
The stock gave multibagger returns of 163.8 per cent from its 52-week low of Rs 4.03 per share and a whopping 1,220 per cent in 3 years.
Today, shares of Sarveshwar Foods Ltd gained 3.70 per cent to an intraday high of Rs 10.65 per share from its previous closing of Rs 10.25 per share. The stock’s 52-week high is Rs 15.73 and its 52-week low is Rs 4.03. The shares of the company saw a spurt in volume by more than 2 times on BSE.
Sarveshwar Foods Limited (SFL), a leading player in the agro-product FMCG sector, has crossed a significant milestone by surpassing Rs 500 crore in sales during the first half of the current fiscal year. This impressive achievement highlights the growing popularity of SFL's premium offerings, particularly its organic products under the brand name 'Nimbark'. The company's commitment to high-quality organic offerings is driving profit growth and reflects a strategic shift aligning with evolving consumer preferences.
With a rich heritage of over 130 years, SFL has established itself as a provider of healthy and flavorful rice for both domestic and international markets. Their expertise lies in manufacturing, trading, processing, and marketing a wide range of branded and unbranded basmati and non-basmati rice, alongside other premium FMCG and organic products. Notably, each product embodies the philosophy of a 'SATVIK' lifestyle, derived from rice cultivated in the fertile Himalayan foothills, using organic manure and the pure waters of the Chenab River.
This focus on organic offerings resonates with the current market trend of growing health consciousness and a demand for quality packaged and organic products. This shift is particularly prominent among young consumers worldwide, who increasingly prioritize sustainable and health-focused choices. SFL is capitalizing on this trend by actively aligning its sales strategy to benefit from the evolving market landscape.
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About the Company
Sarveshwar Foods Limited (SFL) is a renowned Indian food manufacturer with a legacy spanning over 130 years. Based in Jammu and Kashmir, SFL is committed to producing high-quality, healthy, and tasty rice products. The company is certified under various international standards, including ISO 22000:2018, USFDA, BRC, Kosher, NPPO USA, CHINA, and NOP-USDA Organic, ensuring its products meet the highest safety and quality standards. SFL offers a wide range of branded and unbranded basmati and non-basmati rice, both domestically and internationally. Recognizing the health benefits of organic farming, SFL has expanded its operations to include a line of organic products under the brand name "NIMBARK." These products are cultivated in the fertile Himalayan foothills, nourished by mineral-rich soil, organic manure, and snowmelt water from the Chenab River, without the use of artificial fertilizers or chemicals.
The company has a market cap of over Rs 1,000 crore with a 3-year stock price CAGR of 150 per cent. 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 163.8 per cent from its 52-week low of Rs 4.03 per share and a whopping 1,220 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.