ADF Foods shares rise over 7% after large block deal worth Rs 100 crore

ADF Foods stock has been gaining for the last two days and has risen 5.1 percent in the period. In the last six months, the stock has advanced 22.09 percent on the BSE.

ADF foods share price advanced over 7 per cent on August 20 after the company saw a mega block deal of about Rs 100 crore in early trade.

The counter opened with a gain of 3.68 percent in Tuesday's trading session and rose 7.03 percent to an intraday high of Rs 242.85 pre share on the Bombay Stock Exchange (BSE).

According to a report on CNBC-TV18, a large block deal of a 4 percent equity worth Rs 100 crore led to the sharp uptick in the share price today.

44 lakh share changed hands at at Rs 227.5 per share in the block deal window on the exchanges.

ADF Foods stock has been gaining for the last two days and has risen 5.1 percent in the period. In the last six months, the stock has advanced 22.09 percent on the BSE.

Earlier this month, Dovetail Global Fund PCC - Marcellus India Fund bought a 3.5 percent stake or 38.45 lakh shares in ADF Foods at an average price of Rs 220.

ADF Foods is a smallcap company with a market valuation of Rs 2,580.70 crore, as per BSE data.

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