24.35% Up In 1 Week! Small Cap FMCG Stock To Soon Consider Stock Split & Bonus Shares

Sarveshwar Foods Ltd. in an exchange filing on July 17, 2023, informed the company to consider Stock-Split & Bonus Shares next month on Aug 02, 2023. Other than Bonus Shares & Stock-Split, the company also considers various other items. The stock recently, on July 25, 2023, hit a new 52-week high at Rs 113.80 apiece on BSE.

Sarveshwar Foods Limited is a FMCG sector small-cap company. The company is engaged in the manufacturing, trading and export of Basmati rice, which is a long grain rice with a fine texture. The market cap of the company is Rs 302.94 Crore.

According to an exchange filing by Sarveshwar Foods Ltd., "the Board of Directors of the Company is scheduled to be held on Wednesday, August 02, 2023, inter-alia, to consider and approve the followings items: 1. the proposal for sub-division/split of Equity Shares of the Company having a face value of Rs. 10/- each in such manner as the Board may determine. 2. the proposal of issuance of Bonus shares to the security holders of the Company. 3. increase in the Authorised Share Capital of the Company 4. consequent alteration of Memorandum of Association of the Company, and 5. any other item with the permission of Chairman."

Sarveshwar Foods stock closed at Rs 99.01 apeice on BSE, 1.99% higher compared to its previous close. It touched an intraday high and low at Rs 99.90 and Rs 97.50, respectively.

The stock gained 24.35% in 1 week, and 46.66% in 2 weeks, respectively. It gained 43.33% in 1 month, 35.91% in 3 months, and 18.29% in 6 months, respectively.

The stock's 52-week high is Rs 113.80 apiece, recorded on July 25, 2023, and its 52-week low is Rs 62.60 apiece, recorded on Mar 28, 2023.

Disclaimer - The stock just highlights the Stock-Split & Bonus Shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.