ADF Foods was up 6.64% to Rs 98 at 10:55 IST on BSE after the company said it has scheduled a board meeting on 27 July 2016, to consider share buyback proposal.
The announcement was made after market hours yesterday, 21 July 2016.Meanwhile, the S&P BSE Sensex was down 23.39 points or 0.08% at 27,687.13.
On BSE, so far 1.70 lakh shares were traded in the counter as against average daily volume of 26,115 shares in the past one quarter. The stock hit a high of Rs 101.80 and a low of Rs 96.95 so far during the day. The stock had hit a 52-week high of Rs 104.15 on 1 December 2015. The stock had hit a 52-week low of Rs 63.60 on 17 February 2016. The stock had underperformed the market over the past one month till 21 July 2016, sliding 0.16% compared with Sensex's 3.35% rise. The scrip had, however, outperformed the market in past one quarter, surging 9.99% as against Sensex's 7.07% rise.
The small-cap company has equity capital of Rs 22 crore. Face value per share is Rs 10.
On consolidated basis, ADF Foods' net profit rose 119.5% to Rs 1.80 crore on 1.3% decline in net sales to Rs 53.57 crore in Q4 March 2016 over Q4 March 2015.
ADF Foods is engaged in the business of manufacturing and trading of various processed and preserved foods.
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