Stock Split: Small Cap FMCG Stock Sets Record Date For Sub-Division Of Shares

Small cap stock from FMCG sector ADF Foods Ltd on August 24, 2023 fixed September 11, 2023 as the record date for sub-division of shares. ADF Foods shares soared 0.99% in trade today with current market price quoted at Rs 1060.20 apiece. ADF Foods shares rallied 43% in last 6-months and gained 52% in last 1-year. Check details below:

ADF Foods Sets Record Date For Stock Split: According to the BSE filing of the company dated August 24, 2023, "Pursuant to Regulation 42 of the Listing Regulations, the Company has fixed Monday, 11th September, 2023 as the 'Record Date' for determining the eligibility of Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company in the ratio of 5 (Five) Equity Shares of face value Rs. 2/- (Rupees Two Only) each for 1 (One) Equity Share of face value Rs. 10/- (Rupees Ten Only) each as approved by the Shareholders at the 33rd Annual General Meeting of the Company held on 09th August, 2023."

ADF Foods Stock Performance & Return: Current market price of ADF Foods share is Rs 1060.20 apiece. Its 52-week high price is Rs 1161.45 apiece and 52-week low price is Rs 666.95 apiece, respectively. Its market capitalisation is Rs 2329.55 crore. ADF Foods shares jumped 38% year-to-date, gained 184% in last 3-years, and surged 329% in last 5-years. In last 10-years, ADF Foods shares rallied 2623%.

ADF Foods Financials: The company for the quarter ended June 30, 2023 declared its consolidated total income at Rs 114.87 crore, down 7.13% as against its last quarter total income of Rs 123.69 crore. It declared its latest quarter net profit after tax at Rs 14.73 crore.

ADF Foods About: ADF Foods incorporated in 1992 as American Dry Fruits. It is engaged in manufacturing of vast range of canned, bottled and processed vegetables fruits and foods for the export and domestic markets.

Disclaimer: The stock just highlights the sub-division of shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.