Penny stock below ₹20: FMCG share delivers over 150% return in last one year, surges 12% intraday; do you own?
Sarveshwar Foods, a penny stock under ₹20, rose over 12% during intraday trade on BSE on December 11. The stock has surged over 150 per cent in the last one year.
A penny stock below ₹20 surged over 12 per cent in intraday trade on BSE on Wednesday, December 11, in an otherwise lacklustre market. Sarveshwar Foods share price opened at ₹10.76 against its previous close of ₹10.54 and soared as much as 12.4 per cent to the level of ₹11.85. Around 1:30 pm, the FMCG stock traded 10.8 per cent higher at ₹11.68 apiece on the BSE.
Sarveshwar Foods news
In an exchange filing on December 10, the FMCG company, which deals in premium basmati rice, said it is "leading a transformative shift toward sustainable farming practices through its soil mapping initiative, empowering farmers, improving productivity, and strengthening its supply chain for the future."
"This initiative forms the backbone of the company’s strategy to improve soil health and maximise crop yields. By offering location-specific soil assessments for all its partner farmers, Sarveshwar ensures precise, scientific recommendations for fertiliser use and irrigation practices, reducing the risk of overuse of harmful chemicals and improving soil quality," the company said.
It further said it produces a complete range of organic products—without relying on artificial fertilisers or chemicals.
"These products, marketed under the brand name ‘NIMBARK’, promote the philosophy of a ‘SATVIK’ conscious lifestyle, blending wellness with sustainability," said Sarveshwar Foods.
Meanwhile, in an earlier exchange filing on December 6, the company had announced it successfully secured an export order to supply 5,350 metric tons (MT) of basmati rice, valued at $5.84 million (approximately $498 million) from I SIFOL LLC, one of the USA’s largest and most prestigious entity, having a robust network in retail stores, restaurants, and supermarkets.
Sarveshwar Foods share price trend
Sarveshwar Foods share price has been on a roll over the last year. Considering today's high of ₹11.85, the penny stock has jumped 155 per cent in the last one year.
It hit a 52-week high of ₹15.73 on February 28 this year after hitting a 52-week low of ₹4.57 on December 18 last year.
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