Clocked fresh 52-week high: This small-cap packaged food company stock surged over 14 per cent!

Shares of the company saw a spurt in volume by more than 10.32 times on BSE.

Today the shares of well-known packaged food company ADF Foods Ltd share hit a new 52-week high of Rs 990 surging by over 14.52 per cent on Bse. At present the stock is trading at Rs 985.55 up by 14.01 per cent or 1121.10 points touching the intraday high and low of Rs 990 and 868.90 respectively.The scrip opened at Rs 868.90 and has touched a high and low of Rs 990 and Rs 868.90 respectively. So far 35,044 shares were traded on the counter. 

ADF Foods Ltd is a leading global food manufacturing company and distributor with a presence in many countries. The company’s product offerings include delicious sauces, pickles, chutneys, pastes, ready-to-cook, ready-to-eat products and frozen foods for consumers around the world. Taste, ease and quality are at the heart of what it does at ADF Foods. Its corporate interests include a core manufacturing and export business, an agency distribution network and a domestic business.

The company is currently trading at a PE of 38.8x against the industry PE of 44x. In FY23, the company's ROE and ROCE were 14.8 per cent and 18.8 per cent, respectively. The firm belongs to Group B stocks and has a market valuation of Rs 2,163.98 crore.

Shares of the company saw a spurt in volume by more than 10.32 times on BSE. Investors should keep this stock under their watchlist. 

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