Active Stocks
Sat May 18 2024 12:29:54
  1. Tata Motors share price
  2. 953.75 0.85%
  1. Power Grid Corporation Of India share price
  2. 316.10 0.88%
  1. ITC share price
  2. 436.50 -0.02%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. State Bank Of India share price
  2. 820.35 0.31%
Business News/ Markets / Stock Markets/  Stock split 2023: Multibagger stock ADF Foods to trade ex-split in 1:5 ratio. Details here
BackBack

Stock split 2023: Multibagger stock ADF Foods to trade ex-split in 1:5 ratio. Details here

Multibagger stock: The board of directors of the small-cap company has fixed 11th September 2023 as record date for finalising eligible shareholders for stock sub-division

Multibagger stock has delivered to the tune of 700% return to its positional investors in post-Covid rebound. (iStock)Premium
Multibagger stock has delivered to the tune of 700% return to its positional investors in post-Covid rebound. (iStock)

Stock split 2023: ADF Foods are one of the multibagger stocks that Indian stock market has produced in recent years. This small-cap multibagger stock with a market cap of around 498 crore has risen from 140 to 1135 apiece levels in last three years, delivering to the tune of 700 per cent return to its positional long term shareholders. However, the stock will be in focus today as it is trading ex-split today.

The board of directors of the small-cap multibagger stock has declared stock split in 1:5 ratio. the small-cap company board also fixed 11th September 2023 as record date for stock split i.e. today.

ADF Foods share split news

The multibagger stock informed Indian stock market bourses about stock split citing, “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 share price history

After ushering in new year 2023, ADF Foods shares have remained in uptrend. In YTD time, this small-cap stock has risen to the tune of 50 per cent whereas in last six months, this multibagger stock has surged from around 710 to 1,135 apiece levels, logging near 60 per cent rise in this time. This multibagger stock has delivered stellar return to its shareholders in post-Covid rebound. After bottoming out around 140 apiece levels, the stock has risen up to 1,135 apiece levels in these near three years, delivering more than 700 per cent return to its positional investors.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 11 Sep 2023, 09:19 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started