ADF Foods advances 19% on heavy volumes, stock hits new high

Shares of ADF Foods moved higher by 19 per cent to Rs 630, also its new high on the BSE on Monday on the back of heavy volumes. The stock of the packaged foods company has rallied 45 per cent in the past eight trading days.

Effective from today, December 7, the BSE has revised the price band of the stock to 20 per cent from 5 per cent earlier. Till 03:02 pm, a combined 856,000 equity shares had changed hands on the counter on the NSE and BSE.

ADF is a consumer-focused company and a leader in prepared ethnic food offering