Meanwhile, the BSE Sensex was up 233.31 points, or 1.16% at 20,302.43.

On BSE, 47,120 shares were traded in the counter as against an average daily volume of 30,618 shares in the past one quarter.

The stock hit a high of Rs 89.70 and low of Rs 83.55 so far during the day. The stock had hit a record high of Rs 118.60 on 7 April 2010 and a 52-week low of Rs 60 on 25 January 2010.

The small-cap stock had outperformed the market over the past one month till 30 September 2010, rising 20.94% compared with the Sensex's return of 11.30%. It had underperformed the market in past one quarter, gaining 7.26% as against 13.38% rise in the Sensex.

The company has an equity capital of Rs 20 crore. Face value per share is Rs 10.

Shares of ADF Foods had jumped 9.55% to Rs 87.20 on Thursday, 30 September 2010 after the company's board approved entering into an asset purchase pact with Elena's Food Specialties Inc., USA for an undisclosed sum.

In a statement to the BSE, ADF Foods said that the company or its subsidiaries will acquire substantial assets and some liabilities of Elena's Food Specialties Inc to move up the value chain in the high growth US market. ADF Foods has also formed two US subsidiaries viz. ADF Holding USA and ADF Foods USA, the release said.

Elena's Food Specialties Inc is mainly into manufacturing and trading of ethnic food business.

ADF Foods' consolidated net profit plunged 58.5% to Rs 1.94 crore on 6.7% fall in net sales to Rs 22.29 crore in Q1 June 2010 over Q1 June 2009.