FMCG Stock Below Rs 10 Hit 5% Upper Circuit After Gaining 142% From 52W-Low

Sarveshwar Foods Ltd a small-cap company in the FMCG sector opened on the BSE today at Rs 4.92 apiece and surged 4.80% to hit an upper circuit limit of Rs 5.02. The stock has been seen hitting the upper circuit limit since 12th December at Rs 4.65 level which means that in the 4 sessions, the stock has gained 7.52%.

Sarveshwar Foods Financials

The firm reported net sales of Rs 205.22 crore in September 2023, up 15.16% from Rs 178.20 crore in the same month the previous year on a consolidated basis. Its net profit climbed 228.41% from Rs. 1.47 crore in Q2FY23 to Rs. 4.83 crore in Q2FY24. EBITDA jumped by 64.4% from Rs. 9.69 crore in September 2022 to Rs. 15.93 crore in September 2023.

Sarveshwar Foods Share Price History

The scrip reached a 52-week-low of Rs 2.07 on (28/03/2023) and a 52-week-high of Rs 5.56 on (09/11/2023), indicating that at the current market price, the stock is trading 142% above the 1-year low and 9.71% below the 1 year high.

Sarveshwar Foods Shareholding

During Q2FY24, the company registered promoters' shareholding of 54.91%, FIIs stake of 3.76%, and public stake of 41.32%. Trendlyne data shows that promoters' holdings dropped from 55.74% in the June 2023 quarter to 54.91% in the September 2023 quarter; FII/FPI holdings grew from 2.37% in Q1FY24 to 3.76% in Q2FY24; the number of FII/FPI investors rose from 2 to 3; and institutional investors stake rose from 2.37% to 3.76%.