Multibagger FMCG Penny Stock To Bolster Millet Products, Shares Hit Multiple Lower Circuits

Small cap company operating in the FMCG sector, Sarveshwar Foods Ltd shares hit multiple lower circuits in last few days. Last trading price of Sarveshwar Foods shares on BSE is Rs 8.89 per share with intraday fall of 4.51%. Sarveshwar Foods share offered return of 70% in last 3-months and gained 257% in last 1-year. Check details below:

Sarveshwar Foods To Bolster Millet Products: As per the regulatory filing of Sarveshwar Foods, "Jammu, India, March 20th, 2024: Sarveshwar Foods Limited, in alignment with the Central Government's initiative to promote millets, and to promote nutrient-rich diet amongst the consumers, and to strengthen its Nimbark Organics variety of Millet Products, initiated campaign to promote millet cultivation in Jammu & Kashmir, Himachal Pradesh via Sarveshwar Facilitation Centres (SFC)."

Millets are referred to as "Shree Anna" in India because of their cultural and historical significance. The term "Shree Anna" translates to "the honored grain" or "the mother of all grains", added the BSE filing.

Sarveshwar Foods Awarded Bids For White Rice Export To Africa: Earlier this month as per its BSE filing dated March 14, Sarveshwar Foods was awarded bids to supply 90,000 Quintal of premium white rice to Africa through government's nodal agency NAFED amounting approximately 6 Million USD (~Rs. 50 Crores).

Sarveshwar Foods Shares Performance & Return: The 52-week high price of Sarveshwar Foods shares on BSE is Rs 15.73 apiece and 52-week low price is Rs 2.07 apiece, respectively. The company has a market capitalisation of Rs 870.17 crore. Sarveshwar Foods shares declined 30% in last 2-weeks, gave return of 51% year-to-date, rallied 70% in last 3-months, and offered return of 79% in last 6-months. Sarveshwar Foods stock surged 257% in last 1-year.

Sarveshwar Foods Q3 Financials: The company for the quarter ended December 31, 2023 declared a surge of 186.05% in its net profit to Rs 4.92 crore as compared to Rs 1.72 crore net profit in the corresponding quarter of last year. The company announced a jump of 24.72% in its sales to Rs 229.38 crore for the December 2023 quarter as compared to Rs 183.91 crore declared in the similar quarter of last year.

Sarveshwar Foods About: The Company is engaged in the business of manufacturing, trading, processing, and marketing ofbranded and un-branded basmati and non-basmati rice in the domestic and international markets.Our operations are based out of the India's Jammu Region. SFL hassustainable and eco+ve legacy of serving healthy and tasty rice for more than 130 years and in last couple of decades proliferated its heritage to other premium categories of FMCG and Organic products.

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