Sarveshwar Foods Stock Plummets to New 52-Week Low at Rs. 4.78

Sarveshwar Foods has reached a new 52-week low, hitting Rs. 4.78 today, marking a significant downturn for the microcap company in the Other Agricultural Products industry. This decline comes as the stock has underperformed its sector by 2.16% and has seen a consecutive fall over the past three days, resulting in a total drop of 4.13% during this period. The stock's performance over the past year has been notably poor, with a decline of 48.57%, contrasting sharply with the Sensex's positive performance of 5.50%. Sarveshwar Foods is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend. Despite these challenges, the company has shown some positive financial metrics, including a robust annual growth rate in net sales of 33.13% and an operating profit growth of 49.77%. Additionally, the company has reported positive results for the last nine consecutive quarters, with a profit after tax of Rs. 15.22 crore, reflecting a growth of 35.53% in the latest six months. However, the high Debt to EBITDA ratio of 6.17 times raises concerns about its ability to service debt effectively.