Adani wilmar stock price: The listing of Adani Wilmar’s stock may have weakened, but this stock has now become a rocket. The company’s shares have gained 4.99 percent today to Rs 608.90. This is its highest price so far. The company’s shares were listed on BSE at Rs 221 on February 8. Adani Wilmar has jumped 23 per cent in the last one week. It has flown 68.49 percent in a month.
What do market experts say?
Domestic brokerage and research firm Edelweiss said the return ratio profile is good, though it is below the sector average. According to brokerage Edelweiss, Adani Wilmar is the largest player in the edible oil market in India. The company has a very strong delivery network and the company is planning to expand it further in the next 3-4 years. The company has strong brand and market leadership, integrated manufacturing facilities which helps in enhancing cost efficiencies across its various business lines.
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According to the brokerage house, all these positive factors will enable Adani Wilmar clock volume and earnings CAGR of 9.3% and 19.9% respectively, over FY 2011-24E. However, after the spectacular gains after listing, the market is already factoring in strong growth. Hence, the brokerage has given ‘Hold’ rating on the shares of Adani Wilmar.
company business
Adani Wilmar is a 50:50 JV between the Gautam Adani-led conglomerate Adani Group and the Singapore-based Wilmar Group. The company sells cooking oils under the Fortune brand. Apart from cooking oil, it sells food products such as rice, wheat flour and sugar. It also sells non-food products such as soaps, handwashes and sanitizers. The company has benefited from the Russia-Ukraine war as the demand for sunflower oil has increased in India.