Infinity Holdings bought 4 lakh equity shares (or 1.99% equity) of ADF Foods at Rs 501.20 per share via a bulk deal on the NSE and also purchased another 12 lakh equity shares (or 5.99% equity) of ADF Foods at Rs 499.04 per share via a bulk deal on the NSE On Thursday.
Among sellers, Sunil Singhania owned Abakkus Emerging Opportunities Fund-I sold 1.90 lakh equity shares (or 0.94% equity) of ADF Foods at Rs 499 per share via a bulk deal on the NSE. Authum Investment & Infrastructure sold 4 lakh equity shares (or 1.99% equity) of ADF Foods at Rs 501.20 per share via a bulk deal on the NSE. Ebony Advisors LLP sold 4 lakh equity shares (or 1.99% equity) of ADF Foods at Rs 498.75 per share via a bulk deal on the NSE.
As of 30 September 2020, Abakkus Emerging Opportunities Fund-I held 2.50% stake, Authum Investment & Infrastructure held 20.43% stake and Ebony Advisors LLP held 2% stake in the company.
ADF Foods’ consolidated net profit jumped 35.4% to Rs 12.58 crore on a 56.8% surge in net sales to Rs 94.29 crore in Q2 September 2020 over Q2 September 2019.
ADF Foods is engaged in the business of meal accomplishments, can food & ready-to-eat and frozen foods. The firm manufactures and exports food products, such as pickles, chutneys, ready to eat items, paste and sauces, frozen foods and spices.
The scrip hit an all-time high at Rs 527.75 on BSE. The stock hovered in the range of Rs 506.30 to Rs 527.75 so far
