ADF Foods has target of Rs 70-72: Rajesh Jain

Jain told CNBC-TV18, "ADF Foods is an interesting long-term pick and I also expect the stock to reward fairly well on an intraday basis for a target of Rs 70-72.”

He further added, “The company has recently decided to enter the Indian market as well with the same line of products under the brand name of Soul. It hopes to multiply its sales five fold over the next 5 years. The company has very little debt and that would enable it to raise funds to embark on this fast expansion."

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