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    Ashish Kacholia picks 1.49 lakh shares in this smallcap

    Synopsis

    The company last month reported 5.88 per cent year-on-year drop in consolidated net profit at Rs 8.65 crore for the quarter ended June 30. It had posted a profit of Rs 9.18 crore in the corresponding quarter last year.

    investiStock
    ADF Foods is engaged in the business of manufacturing and exporting food products, such as pickles, chutneys, ready to eat items, paste and sauces, frozen foods and spices.
    Shares of ADF Foods hit upper circuit in Tuesday's session after Ashish Kacholia bought 1,48,871 shares of the company through a bulk deal on Monday.

    The ace investor purchased shares of ADF Foods at an average price of Rs 377.99 per share, taking the value of the transaction at around Rs 5.63 crore, data available on NSE showed.

    Reacting to the development, shares of the company jumped 4.99 per cent to Rs 399.75.

    The company last month reported 5.88 per cent year-on-year drop in consolidated net profit at Rs 8.65 crore for the quarter ended June 30. It had posted a profit of Rs 9.18 crore in the corresponding quarter last year.

    ADF Foods is engaged in the business of manufacturing and exporting food products, such as pickles, chutneys, ready to eat items, paste and sauces, frozen foods and spices.

    Earlier in the June quarter, Kacholia increased stake in companies including HLE Glasscoat, Apollo Tricoat Tubes, Religare Enterprises and Safar Industries. On the other hand, he reduced his stake in companies including Mold-Tek Packaging, Mastek, Nocil, DFM Foods, KPIT Technologies and Gati.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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