News of any ‘ace investor’ buying into a stock is enough to send the price into a frenzy. That’s what has happened with ADF Foods.
Ashish Kacholia, not as famous as Porinju or Dolly Khanna, he is nevertheless known for his great buys, especially in the mid and small caps.
NIIT, Birlasoft, Majesco, KPIT Technologies, Mastek, Shaily Engineering Plastics, Apollo Pipes, Poly Medicure, Paushak, Hikal, and HLE Glasscoat are some of his favourites.
And the news today is that he has picked up a 0.74% stake or 1.49 lakh shares in ADF Foods at Rs.377.99/share on the NSE.
Following this news, the stock is now locked at the 5% UC at Rs.399.75 the moment it opened for trade today morning.