FMCG Penny Stock Acquires 100% Stake In Green Point, Mouth-Watering Returns In 1-Yr

Small cap company from the FMCG sector Sarveshwar Foods Ltd zoomed nearly 317% in last 1-year. Now the stock has given acquisition update to its shareholders. Last trading price of Sarveshwar Foods shares on BSE is Rs 9.77 per share with intraday fall of 1.61%. The stock's PE is 12.06. The company has a market capitalisation of Rs 956.30 crore. Check details below:

Sarveshwar Foods Acquires 100% Stake In Green Point: As per the BSE filing dated April 5, 2024, "This is in continuation to our earlier intimation dated February 12, 2024, regarding acquisition of 100% Ordinary shares i.e 1 Ordinary share of face Value of 1 SGD and Business of Green point Pte. Ltd, please be informed that the Company has acquired 100% Ordinary shares and business of the Company. Henceforth, Green Point becomes wholly owned Subsidiary of Sarveshwar Foods Limited."

Sarveshwar Foods Shares Performance & Return: The 52-week high price of Sarveshwar Foods shares on BSE is Rs 15.73 per share and 52-week low price is Rs 2.19 per share, respectively. Sarveshwar Foods shares declined 26% in last 1-year, gave return of 66% year-to-date, and soared 92% 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.

The company earlier this year on January 8, 2024 declared that it has been granted 1 "Geographical Indication"( GI) tag in Jammu & Kashmir for Basmati Rice by APEDA ( Ministry of Commerce & Industry, Govt. of India). With this, Sarveshwar Foods limited became the 1st and only company based in Jammu and Kashmir region which has the GI tag for Basmati rice for export purposes.

Sarveshwar Foods Bonus Issue In 2023: The board of directors of Sarveshwar Foods in 2023 declared bonus share in the ratio of 2:1 and set September 15 as record date.

Sarveshwar Foods Stock Split In 2023: In 2023, it also announced sub-division/split of company's 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares of the company having face value of Re. 1 each. The record date for stock split was September 15 as well.

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, according to its official website.

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