Introduction:
Stock under ₹10 jumps 7% after receiving an order for 12,000 MT of Indian Long Grain Parboiled Rice, targeting Rs. 2000 million in annual revenue from its Singapore subsidiary Monarda Commodities Ltd. This enhances its global market position, especially in the gluten-free segment.
Share price movement of Sarveshwar Foods:
On November 27, 2024, Sarveshwar Foods Limited (NSE: Sarveshwar) saw its stock price open at ₹9.18 and reach a high of ₹9.75 during trading. Currently stock is trading at ₹9.67, the stock marked a 7.09% increase from the previous close of ₹9.03, reflecting positive market movement with a market cap of ₹946.52 crore.
Sarveshwar Foods share price rise after receiving a new order:
Sarveshwar Foods Limited announced its Singapore-based subsidiary, Green Point Pte. Ltd., has secured a significant order for 12,000 MT of Indian Long Grain Parboiled Rice from Monarda Commodities Pte. Ltd., valued at Rs. 445 million. This order is pivotal for Green Point’s goal of achieving Rs. 2000 million in annual revenue.
Green Point Pte. Ltd. operates from Singapore, targeting the expanding global market for rice and related products. This order boosts Sarveshwar Foods’ strategic position in the market, especially as global demand for gluten-free products continues to rise.
This order is expected to significantly contribute to Sarveshwar Foods’ global business, aligning with the growing trend for healthier, gluten-free diets. The company is optimistic about reaching a Rs. 2000 million revenue target for the fiscal year through this subsidiary.
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Recent news About Sarveshwar Foods:
Sarveshwar Foods Ltd announced their financial results for the quarter and half-year ending September 30, 2024. These results were published in the Financial Express and Daily Taskeen newspapers, reflecting the company’s commitment to transparency and compliance with regulatory standards set by SEBI.
Stock performance of Sarveshwar Foods for Period of 1 week, 6 months and 1 year:
Sarveshwar Foods Ltd showed modest weekly and six-month performance gains, with increases of 0.22% and 2.03% respectively. Over the past year, the stock has surged impressively, marking a 94.2% rise, indicating investor confidence in the company’s market position.
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Shareholding pattern of Sarveshwar Foods:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 54.82 | 54.91 | 54.91 |
| FII | 0.05 | 0 | 1.05 |
| Retail & others | 45.13 | 45.09 | 44.02 |
About Sarveshwar Foods:
Sarveshwar Foods Ltd is an established player in the agri-business sector, specializing in processing and marketing a variety of rice products. The company focuses on both domestic and international markets, aiming to deliver high-quality rice while emphasizing sustainable practices.
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.
