Multibagger! This FMCG penny stock surged 2400% since March 2020
₹0.34 to around ₹8.5 currently. This implies a return of 2400 percent for its investors in this period. An investment of ₹10,000 in this stock in March 2022 would have turned into ₹2.5 lakh now.
Sarveshwar Foods Limited manufactures and sells basmati and non-basmati rice in India. It provides basmati brown rice, raw rice, steamed rice, silky raw rice, white parboiled rice, and golden parboiled rice; and non-basmati rice, including Indian long/medium/short grain white raw rice, white parboiled rice, grain golden parboiled rice, and grain brown rice. The company also offers organic foods under the brand name of Nimbark.
The company was formerly known as Sarveshwar Organic Foods Limited and changed its name to Sarveshwar Foods Limited in June 2015. Sarveshwar Foods Limited was founded in 1890 and is based in Jammu, India. Read here: Multibagger! This penny stock turned ₹10k to over ₹2 lakh in just 2 years The stock has surged over 253 percent in the last 1 year and 55 percent in 2024 YTD, giving positive returns in all 2 of the 3 months this year so far.
It has shed 37 percent in March so far, snapping after 3 straight months of gains since December 2023. Between December and February, the stock rallied 191 percent. It rallied 85 percent in February and 33 percent in January this year.
Currently trading at ₹8.5, the stock is 46 percent away from its record high of ₹15.73, hit earlier last month on February 28, 2024. Meanwhile, it has soared over 310 percent from its 52-week low of ₹2.07, hit on March 28, 2023. Read here: Multibagger! Penny stock Alok Industries surges 1900% in less than 5 years The impressive surge in value highlights the strong market optimism and favorable sentiment surrounding the stock, representing a
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