Adani Wilmar, the edible oil company of the Adani Group, is now pauperising after making its investors rich. Today i.e. on Thursday, the shares of Adani Wilmar are on the lower circuit of 5 percent on the NSE.
Today the share price of Adani Wilmar has come down to Rs 715.95. Let us tell you that the company has suffered a heavy loss in the March quarter. Due to this, disappointed investors are exiting after recovering profits. Those who would have invested in it a week ago, they have lost about 15 percent.
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Let us tell you that despite the weak listing, the shares of Adani Wilmar Ka were continuously running like a rocket. Now the trend of decline is not taking its name to stop. The stock had jumped from Rs 227 to Rs 878. Now it has come down from the all-time high by about Rs 162 per share.
Explain that due to the war and inflation between Ukraine and Russia, the supply and demand of edible oil has been affected. Due to this there has been a decline in the net profit of Adani Wilmar. Adani Wilmar is the leading company in the edible oil market. Its famous brand is Fortune. Adani Wilmar has given investors strong returns since its listing in February. Recently the company was ranked among the top 50 Indian companies in terms of market capitalization. The company achieved this success because of the market capital crossing the Rs 1 lakh crore mark. Adani Wilmar’s stock has gained over 250 per cent in just two months.