New Delhi, Feb. 5 -- Shares of Sarveshwar Foods, a penny stock trading under Rs.10, climbed over 5 percent in intra-day trade on Wednesday, February 5, following a credit rating upgrade by Infomerics Valuation and Rating.

Infomerics Valuation and Rating upgraded Sarveshwar Foods' Long-Term Bank Facility worth Rs.114.01 crore to 'IVR BBB+/Stable' (IVR Triple B Plus with Stable Outlook) from 'IVR BBB/Stable' (IVR Triple B with Stable Outlook). The rating agency also revised the company's Short-Term Bank Facility worth Rs.23.80 crore to 'IVR A2' (IVR A Two) from 'IVR A3+' (IVR A Three Plus), signaling improved financial stability and creditworthiness.

In December 2024, Sarveshwar Foods announced securing an export order of 5,350 metric ton...