Share Market: In a penny stock cheap than 10 rupees, the market showed bounce in the market for the second consecutive day. In Q1 FY26, the company showed great performance, which increased the trust of investors. In two years, this stock has made more than double the money of investors.
Penny stock in news: On Thursday, August 14, the stocks of Sarveshwar Foods made a big bang in trading amidst slight rise in the stock market. This Penny stock priced less than 10 rupees saw a tremendous rise for the second consecutive day, due to which the investors’ eyesight remained on it. There was a lot of discussion about the sudden rise in this stock. Let’s know the reason for the bounce in this small stock and the condition of the stock market …
How was the condition of the stock market?
The Sensex rose 58 points to 80,598 levels and the Nifty closure to 12 points at 24,631. Investors appeared in alert but enthusiasm in view of the Independence Day holiday on Friday and in view of the US-Russia meeting. In this atmosphere, the process of boom in small cap and pen stocks started, in which Sarveshwar Foods was at the forefront.
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Sarveshwar Foods Share Price share price
Sarveshwar Foods Share showed a boom after a slight decline throughout the day and closed at Rs 8.39 after noon. Its performance has been quite interesting in the last few months and years. 21% shares have risen in the last 3 months, 17% in 6 months. It has given a 6% negative return in the year to year (YTD). It has fallen up to 7% during a year. The 52 week high level of this stock is Rs 12.28 and 52 week low level is Rs 5.63. This shows that this stock has given 120% returns in the last two years.
Sarveshwar Foods Q1 FY26 How was the results?
Sarveshwar Foods performed brilliantly in the recently released Q1 results. The company’s consolidated profit was Rs 7.02 crore, which was Rs 3.09 crore last year, i.e. 133% increase. Revenue from the operation was Rs 301.34 crore. It has increased by 29% year after year. These figures show that the company’s growth trend is strong.
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Disclaimer: This article is only for information. There is no advice for investment details of shares given in it. Investment in the stock market is subject to risk. Be sure to consult your financial advisor or market expert before investment.