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Sarveshwar Foods climbs on securing export order to supply 5,350 MT of Basmati Rice
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Sarveshwar Foods is currently trading at Rs. 10.94, up by 0.65 points or 6.32% from its previous closing of Rs. 10.29 on the BSE.
The scrip opened at Rs. 10.52 and has touched a high and low of Rs. 11.28 and Rs. 10.42 respectively. So far 6193534 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.73 on 28-Feb-2024 and a 52 week low of Rs. 4.50 on 08-Dec-2023.
Last one week high and low of the scrip stood at Rs. 11.28 and Rs. 9.72 respectively. The current market cap of the company is Rs. 1068.87 crore.
The promoters holding in the company stood at 54.82%, while Institutions and Non-Institutions held 0.05% and 45.13% respectively.
Sarveshwar Foods has successfully secured an export order to supply 5,350 Metric Tons (MT) of Basmati Rice, valued at $5.84 million (approximately Rs 498 million) from I SIFOL LLC, one of the USA’s largest and most prestigious entity having robust network in retail stores, restaurants, and supermarkets.
Established in 2008 in New York, I SIFOL LLC is a renowned brand representative and distributor committed to excellence and having a robust national distribution network across the USA. I SIFOL reaches over 1,000 ethnic retail outlets and 1,500 ethnic restaurants across the United States, while also making inroads into mainstream supermarkets and club stores. Its operations are fully compliant with the stringent regulations of key U.S. government agencies, including the USDA, FDA, state agencies, and major port authorities, and for ensuring product compliance through FDA approved food laboratories.
Sarveshwar Foods has emerged as I SIFOL LLC's top-rated supplier, continuously securing repeat orders thanks to its unwavering commitment to quality, consistency, and timely delivery. This significant order reinforces Sarveshwar Foods' standing as a trusted supplier to leading global distributors and retailers.
Sarveshwar Foods is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets.
