Latest news with #SarveshwarFoods
Mint
5 days ago
- Business
- Mint
Penny stock under ₹10 jumps following relief rally in the Indian stock market
Penny stock under ₹ 10: Sarveshwar Foods, a penny stock priced below ₹ 10, jumped in trade on Thursday, August 14, amid a positive trend in the Indian stock market. The stock rose for the second day in a row today. Both the benchmark indices, Sensex and Nifty 50, closed marginally higher in trade today. Indices eked out gains ahead of the Independence day holiday tomorrow and the much-awaited meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin. Sarveshwar Foods shares witnessed strong buying action towards the fag end of the stock market trading session today. The stock, after trading marginally lower through trade today, jumped in late afternoon trade and settled 1.45% higher at ₹ 8.37. The 52-week high for the penny stock stood at ₹ 12.28, and the 52-week low of ₹ 5.63. Sarveshwar Foods shares have risen 21% in the last three months and 17% in the past six months. However, on a year-to-date basis, the scrip is down 6% and for the last one year, it has seen a 7% decline. The penny stock under ₹ 10 has emerged as a multibagger over the past two-year period, delivering a 120% return to its investors. The company recently posted its Q1 results, recording a nearly 133% growth in consolidated profit to ₹ 7.02 crore, compared with ₹ 3.09 crore in the same period last year. Meanwhile, the revenue from operations during the said quarter stood at ₹ 301.34 crore in Q1 FY26, up 29% YoY from ₹ 233.05 crore in the same period last year.
Mint
6 days ago
- Business
- Mint
Penny stock under ₹10 jumps following relief rally in the Indian stock market
Penny stock under ₹ 10: Sarveshwar Foods, a penny stock priced below ₹ 10, jumped in trade on Thursday, August 14, amid a positive trend in the Indian stock market. The stock rose for the second day in a row today. Both the benchmark indices, Sensex and Nifty 50, closed marginally higher in trade today. Indices eked out gains ahead of the Independence day holiday tomorrow and the much-awaited meeting between US President Donald Trump and his Russian counterpart, Vladimir Putin. Sarveshwar Foods shares witnessed strong buying action towards the fag end of the stock market trading session today. The stock, after trading marginally lower through trade today, jumped in late afternoon trade and settled 1.45% higher at ₹ 8.37. The 52-week high for the penny stock stood at ₹ 12.28, and the 52-week low of ₹ 5.63. Sarveshwar Foods shares have risen 21% in the last three months and 17% in the past six months. However, on a year-to-date basis, the scrip is down 6% and for the last one year, it has seen a 7% decline. The penny stock under ₹ 10 has emerged as a multibagger over the past two-year period, delivering a 120% return to its investors. The company recently posted its Q1 results, recording a nearly 133% growth in consolidated profit to ₹ 7.02 crore, compared with ₹ 3.09 crore in the same period last year. Meanwhile, the revenue from operations during the said quarter stood at ₹ 301.34 crore in Q1 FY26, up 29% YoY from ₹ 233.05 crore in the same period last year. Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Business Standard
11-08-2025
- Business
- Business Standard
Sarveshwar Foods consolidated net profit rises 127.18% in the June 2025 quarter
Sales rise 29.31% to Rs 301.35 croreNet profit of Sarveshwar Foods rose 127.18% to Rs 7.02 crore in the quarter ended June 2025 as against Rs 3.09 crore during the previous quarter ended June 2024. Sales rose 29.31% to Rs 301.35 crore in the quarter ended June 2025 as against Rs 233.05 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 29 OPM %5.565.06 -PBDT9.634.71 104 PBT9.344.42 111 NP7.023.09 127 Powered by Capital Market - Live News
Mint
02-06-2025
- Business
- Mint
FMCG penny stock jumps 6% despite stock market crash; here's why
Sarveshwar Foods share price jumped over 6% on Monday after the company reported its Q4 results. The penny stock spiked as much as 6.32% to ₹ 7.56 apiece on the BSE. The gains in Sarveshwar Foods shares came despite broader weakness in Indian stock market today. FMCG company Sarveshwar Foods reported its financial results for the fourth quarter of FY25 and full financial year 2024-2025 on Saturday, 31 May 2025. The company's consolidated net profit for the quarter ended March 2025 jumped 108% to ₹ 8.61 crore from ₹ 4.14 crore in the corresponding quarter of previous fiscal year. Consolidated revenue from operations in Q4FY25 increased 41% to ₹ 349.72 crore from ₹ 247.31 crore, year-on-year (YoY). At the operational level, EBITDA rose 15% YoY to ₹ 19.55 crore, up YoY, while EBITDA margin dropped to 5.6%. For full FY25, consolidated revenue from operation rose 31% YoY to ₹ 1,136.23 crore, while net profit increased 60% YoY to ₹ 26.92 crore, and EBITDA spiked 23% YoY to ₹ 77.32 crore. During FY25, Sarveshwar Foods announced to raise funds through QIP or Preferential or Rights issues to set up new business entities in Europe & USA, set up retail stores across the country, set up new units in strategic locations across India, reduction of debt and exploring other acquisition opportunities. Sarveshwar Foods share price has gained 14% in one month and over 16% in three months. The penny stock has declined 27% over the past six months, while it has dropped 16% in one year. However, Sarveshwar Foods shares have delivered multibagger returns of 202% in two years. At 11:25 AM, Sarveshwar Foods shares were trading 4.92% higher at ₹ 7.46 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
21-05-2025
- Business
- India.com
Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital
Home Business Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital – Full Details Inside Stock market update: Sarveshwar Foods Approves Increase in Authorised Capital – Full Details Inside Sarveshwar Foods entered into collaborations with select Non-Banking Financial Companies (NBFCs) to improve access to finance for farmers. Stock market- File image- For Representational purpose Stock market update: Jammu-based FMCG and food processing company Sarveshwar Foods Limited has informed the stock exchanges that its Board of Directors has approved a proposal to increase the company's authorised share capital. As per the regulatory filing, the board has cleared a resolution to raise the authorised capital from ₹120 crore to ₹160 crore, marking a significant step towards enhancing the company's financial flexibility. The proposed change will also involve an amendment to the company's Memorandum of Association (MoA) to replace the existing Clause V with the updated clause, subject to shareholder approval. 'Approved increase in authorised capital of the Company from ₹120,00,00,000 (Rupees One Hundred and Twenty Crores only), consisting of 120,00,00,000 equity shares of Re.1/- each, to ₹160,00,00,000 (Rupees One Hundred and Sixty Crores only), consisting of 160,00,00,000 equity shares of Re.1/- each, subject to members' approval,' the filing stated. Strategic Partnerships with NBFCs In a strategic move announced last year, Sarveshwar Foods entered into collaborations with select Non-Banking Financial Companies (NBFCs) to improve access to finance for farmers. The company is acting as a facilitator, linking farmers with NBFCs to support agricultural productivity and financial inclusion. Importantly, the financing arrangements are entirely between the NBFCs and the farmers, with no financial obligation or recourse to Sarveshwar Foods. Stock Market Update On the broader market front, Indian benchmark indices rebounded sharply on Wednesday following a heavy sell-off in the previous session. Investor sentiment was buoyed by strong buying in banking and blue-chip stocks, alongside positive cues from Asian markets. While BSE Sensex surged 835.2 points (1.02%) to 82,021.64, the NSE Nifty gained 262.3 points (1.06%) to reach 24,946.20. Top gainers from the Sensex pack included Sun Pharma, Bajaj Finance, UltraTech Cement, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, HDFC Bank, and Tata Motors. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram. Read more on Latest Business News on More Stories
