ADF Foods’ stock experienced a significant rise of over 7% on August 20, following a substantial block deal valued at ₹100 crore. This marks the second consecutive day of gains for the company, with the stock already up by 5.1% over the last two days. Over the past six months, ADF Foods has seen a robust growth of 22.09% on the Bombay Stock Exchange (BSE).
The trading session on Tuesday opened with a 3.68% increase, and the stock surged to an intraday high of ₹242.85 per share. According to CNBC-TV18, the sharp increase was driven by a large block deal involving 4% of the company’s equity, with 44 lakh shares exchanged at ₹227.5 per share.
ADF Foods, a small-cap company, currently holds a market valuation of ₹2,580.70 crore, according to BSE data.
