Introduction:
Leading Indian supplier of premium Basmati rice has secured a significant export order worth ₹498 million to supply 5,350 MT of rice to a renowned U.S.-based distributor, strengthening its global reputation for quality and reliability.
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Share price movement of Sarveshwar Foods:
On December 6, 2024, Sarveshwar Foods Ltd opened at ₹10.00, up 1.32% from its previous close of ₹9.87. The stock reached a high of ₹10.50 (6.39%) and a low of ₹10.00. By 9:33 AM, it traded at ₹10.30, a 4.36% increase, with a market cap of ₹1,008.18 crore.
Sarveshwar Foods Secures ₹498 Million Export:
Sarveshwar Foods Limited, a premier Indian Basmati rice supplier, has secured an export order for 5,350 Metric Tons (MT) of Basmati rice worth $5.84 million (₹498 million) from I SIFOL LLC, a leading U.S. distributor.
I SIFOL LLC, established in 2008 in New York, boasts a vast network across 1,000 ethnic retail outlets and 1,500 restaurants in the U.S. With full compliance with FDA and USDA standards, the company serves supermarkets and club stores nationwide.
Sarveshwar Foods has consistently earned I SIFOL’s trust through quality, timely deliveries, and reliability. This latest order solidifies Sarveshwar Foods’ position as a top global supplier, emphasizing its reputation for meeting the highest standards in premium rice exports.
Recent news on Sarveshwar Foods:
As of November 29, 2024, Sarveshwar Foods announced its plan to fully acquire Natural Global Foods DMCC by December 31, 2024, aiming to strengthen its Middle East presence and enhance market penetration in rice-based products.
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Stock performance of Sarveshwar Foods for Period of 1 week, 6 months and 1 year:
Sarveshwar Foods has showcased strong performance, delivering a 0.82% return over the past week, 11.4% over six months, and an impressive 119% return over the last year, reflecting robust growth and investor confidence in the company.
Shareholding pattern of Sarveshwar Foods:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 54.80% | 54.90% | 54.90% |
| FII | 0.10% | 0.00% | 1.10% |
| DII | 0.00% | 0.00% | 0.00% |
| Public | 45.10% | 45.10% | 44.00% |
About Sarveshwar Foods:
Sarveshwar Foods Limited (NSE: SARVESHWAR) is a certified FMCG company specializing in premium Basmati rice and organic products. With a 130-year legacy, it produces eco-friendly, high-quality goods from the mineral-rich Himalayan foothills.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
