Sarveshwar Foods Ltd (NSE: SARVESHWAR): The stock market saw some recovery after a gap-down opening on Monday and Nifty saw a level of 24900. However, Nifty saw some resistance at this level.
The market is now seen in a range and until there is no update on the Fed rate cut, the market will remain in this range. Meanwhile, stock-specific action continues in the market.
News is also coming in some penny stocks, due to which a jump in their prices is being seen.
The penny stock firm Sarveshwar Foods Ltd hit an upper circuit for the second time in a row during the trading session on Monday. This stock hit an upper circuit of 9.92% on Monday and came down to the level of Rs 10.64.
The volume of Sarveshwar Foods Ltd’s share jumped more than 5 times. The 52-week high level of this stock has been Rs 15.73 and the 52-week lowest level has been Rs 4.03.
Although the stock has given a return of 81.88% in the last year, its return in the last 6 months is 11.33% negative.
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Partnered With NBFCs For Farmers
Sarveshwar Foods Ltd is an emerging company in Jammu’s agricultural sector. It disclosed that they have signed strategic alliances with a few non-banking financial corporations (NBFCs) to extend financial assistance to farmers.
According to the company, farmers constitute the backbone of its supply chain, and they will result in improvements in the sector of agriculture.
With a rich history of commitment to quality, Sarveshwar Foods Ltd has understood the important role farmers play in its operations.
These new partnerships aim at providing the needed financial resources that will allow the farmers to invest in new techniques and infrastructure for agriculture.
Through these collaborations, Sarveshwar Foods Ltd seeks to enhance the agri-food ecosystem as well as ensure the sustainability and expansion of its supply chain.
Key Aspects Of The Partnership
The partnership will provide farmers better access to finance, including working capital and investment for agricultural infrastructure.
Along with this, infrastructure will be developed. The financial resources will be channeled to enhancing infrastructure like storage and irrigation systems so that production can be increased and post-harvest losses lessened.
Quick Fact
| Company name | Sarveshwar Foods |
|---|---|
| Market Performance | Recovered after gap-down opening |
| Recent Stock Price Change | Upper circuit for 2nd time in a row |
| Monday Upper Circuit | 9.92% to ₹10.64 |
| Volume Change | Increased 5 times |
| 1-Year Return | 81.88% positive |
| 6-Month Return | -11.33% |
| Sector | Agriculture |
| Location | Jammu |
| Strategy | Partnered with NBFCs for farmers |
| Partnership Goal | Financial help for farmers |
| Farmers Role | The backbone of the supply chain |
| Partnership Benefit | Improved agri-food ecosystem |
| Finance Access | Working capital and infrastructure |
| Focused Infrastructure | Storage and irrigation systems |
| Production Goal | Increase output, reduce post-harvest loss |
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