Adani Wilmar Share New High: All the shares of Adani Group have given excellent returns to their investors. But Adani Wilmar, which is listed in the stock market, has given a return of 180 per cent to investors within two months of listing. In Wednesday’s trending session, the share of Adani Wilmar has reached the level of Rs 610. The company had come up with an IPO at Rs 230 per share.
Adani Wilmar got rich
On Wednesday, the stock of Adani Wilmar rose 5 percent to Rs 610. Trading in the stock had to be stopped after the upper circuit of 5 per cent was hit. For the last two trading sessions, the stock of Adani Wilmar is continuously showing an upper circuit.
Adani Wilmar’s stock was listed in the market on 8 February 2022. However, the listing was lackluster. The share price had fallen below the IPO price of Rs 230. But since that day the stock remained bullish. Despite the Russia-Ukraine war, Adani Wilmar’s stock continued to rise due to the rise in edible oil prices. The company is in the business of cooking oil and other FMCG products.
Stock market experts believe that due to the Russia-Ukraine war, the prices of edible oil have been affected as production may decrease. Ukraine is a major producer country. Adani Wilmar’s stock can get the benefit of this development.
Adani Wilmar has raised Rs 3600 crore through IPO. Let us tell you that the price band of the IPO was fixed at Rs 218 to 230. Let us tell you that a completely fresh issue has been issued in the IPO, the promoter has not sold its stake.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
read this also
Tata Neu Super App: Tata Neu Super App is of great use, know what is its specialty
Fugitive Economic Offenders: Action being taken against how many economic fugitives? The Central Government gave the answer in the Parliament