CMP: 62

ADF Foods Ltd. manufactures and distributes Indian cuisine. The Company supplies its products to food retailers located in India and elsewhere throughout the world.

ADF Foods is a 126 Crore penny cap stock. Its currently trading at P/E levels of 7. Dividend yields are consistent and high at 2.42% in the last 12 months. Minimal liabilities makes it a safe bet. Revenues have been growing steadily at 10% a year consistently. NPM has picked up from 8% to 15% which has boosted the bottom-line in the last 5 years. It has strong support on the chart and technically at 50 and will face resistance at 90 and over. Buy, Accumulate on dips and book profits at 90 and over.