Adani Wilmer Share Price has seen a jump of 250 percent in the last two months. That is, investors have earned a lot during this period. The stock price of the company increased from Rs 221 on February 8, 2022 to Rs 803 on Tuesday. Let us tell you, Adani Wilmar IPO was opened on 27 January 2022. Then the issue price band was Rs 218 to Rs 230.
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The company had raised Rs 3600 crore through IPO earlier this year. At present, the market cap of Adani Wilmar is Rs 1 lakh crore. The question is whether Adani Wilmar’s share prices will continue to rise in the coming times or not. Let us know what the experts are saying-
What is the real reason behind the rise in Adani Wilmar’s shares?
According to Santosh Meena, Head Research, Swastik Investment Limited, there is a jump in the prices of edible oil due to the war between Russia and Ukraine. Ukraine is the main producer of many edible oils including soybean. At the same time, due to the restrictions of Indonesia and Malaysia, once again the supply will be affected. Due to all these reasons, there is a jump in the prices of edible oil, which is benefiting companies like Adani Wilmar in India.
According to Anuj Gupta, Vice President, IIFL Securities, “The rise in the share price of Adani Wilmar is due to the rise in soya prices. More recently, Indonesia and Malaysia have banned the export of palm oil. After which the prices can once again see a rise. Due to which the margin of Adani Wilmar may increase.
Will it be beneficial to buy the stock at this time?
According to Anuj Gupta, the share price of the company can reach Rs 900 to Rs 935 in the short term. At the same time, Anuj Gupta advises to keep the low price at Rs 735. Let us tell you, Adani Wilmar is operated by Gautam Adani and Wilmar Group of Singapore.