Sharmila Joshi, Co-Head PCG Sales, Emkay Global Financial Services is of the view that one can buy ADF Foods Industries with a target of Rs 97.25.
Joshi told CNBC-TV18, "ADF Foods Industries is a very old established company. It has been kind of from the dry fruit kind of market to now the ready to eat kind of space, so they are there across the segments and also they have a variety of products. Just going by the play and the way demographics are shifting within the country, I think this is a very interesting space to be in where you have a diversified product mix and your products are accepted both internationally as well as domestically. So a very interesting story but again in terms of numbers this story will outfold in days to come, so if you buy the stock at this level, expect a decent return. Stay invested in the stock with a slightly longer time period, today I have bought with a target of Rs 97.25."
