ADF Foods to undergo 1:5 stock split. Stock is fundamentally strong and is a good buy

The record date for the 1:5 stock split of ADF Foods Ltd has been fixed as Monday, September 11, 2023.

Ashish Kacholia is one of the major shareholders of ADF Foods with a holding of 2,27,605 equity shares as of June 30, 2023 constituting 1.04% of the equity capital.

ADF Foods will undergo a sub-division of the existing equity capital in the ratio of five equity shares of face value of Rs 2 each for one equity share of face value of Rs 10 each.

ADF Foods is performing very well from a fundamental perspective. The stock is up 35.6% YTD. It was up 52% over the past year.

Generally speaking, Stocks do well after a split because it shows that the management is proactive and desirous of attracting new investors to invest in the stock. Even otherwise, ADF Foods is an investment worthy share. The stock was in earlier years also held by Dolly Khanna and Porinju Veliyath.

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