Multibagger penny stock under Rs 10: 1,500% returns, back-to-back upper circuits, 52-week highs after bonus shares & stock split!

If you have been paying attention to the shares of Sarveshwar Foods Limited Company for the last few days, then you would know that this stock is continuously hitting the upper circuit of 2%.

And due to upper circuit, the price of this share has reached Rs 5.20 per share. Let us tell you that the 52-week high level of this share is Rs 5.40 per share and it is reaching its 52-week high.

Let us tell you that this company, Sarveshwar Foods Limited (BSE Scrip Code: 543688; NSE Scrip Code: SARVESHWAR) started its business in the year 2004 for manufacturing, trading and exporting Basmati rice in Jammu and Kashmir.

The quality of their rice is very good quality long grain rice with good texture.

Just a few days ago, this company has provided fully paid bonus shares to its existing shareholders in the ratio of 2:1. Let us tell you that 65,25,44,000 equity shares of Re 1 each and stock split from Rs 10 to Re 1 have been allotted as these bonus shares.

And in this way their total equity share capital will be Rs 97,88,16,000 which will be divided into 97,88,16,000 equity shares of Re 1 each.

Not only this, the company has already given excellent returns to its investors. If we look at its 3-year CAGR, the company’s market cap has grown by 150 percent to Rs 530 crore.

Let us tell you that Sarveshwar Foods Limited Company stock has given multibagger returns of 135% to its investors in just 1 year. Not only this, this stock has given a tremendous return of 1,500% in 3 years.

So friends, you should definitely keep an eye on such microcap penny stocks.

Disclaimer: This article has been written for informational purposes only, please consult your financial advisors for investment advice.

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