Penny stock below ₹20: FMCG share delivers over 150% return in last one year, surges 12% intraday; do you own?
Live MintA penny stock below ₹20 surged over 12 per cent in intraday trade on BSE on Wednesday, December 11, in an otherwise lacklustre market. Sarveshwar Foods share price opened at ₹10.76 against its previous close of ₹10.54 and soared as much as 12.4 per cent to the level of ₹11.85. Sarveshwar Foods news In an exchange filing on December 10, the FMCG company, which deals in premium basmati rice, said it is "leading a transformative shift toward sustainable farming practices through its soil mapping initiative, empowering farmers, improving productivity, and strengthening its supply chain for the future." Meanwhile, in an earlier exchange filing on December 6, the company had announced it successfully secured an export order to supply 5,350 metric tons of basmati rice, valued at $5.84 million from I SIFOL LLC, one of the USA’s largest and most prestigious entity, having a robust network in retail stores, restaurants, and supermarkets. Considering today's high of ₹11.85, the penny stock has jumped 155 per cent in the last one year.
History of this topic
Small-cap penny stock under ₹10: FMCG stock jumps 7% despite weak stock market
Live Mint
Multibagger penny stock below ₹5 jumps 3% despite stock market crash
Live Mint
Penny stock below ₹1: This NBFC share may be in focus on Monday; here’s why
Live MintDiscover Related
