Gautam Adani’s company Adani Wilmar’s share will go up to Rs 420. Bank of America Securities has said this. Along with this, ‘Buy’ rating has been given on the shares of Adani Wilmar. This means that it has been advised to buy the shares of the company. According to Bank of America Securities, the growth of the company will be faster going forward.
IPO came in February: Let us tell you that the IPO of Adani Wilmar was launched in the month of February. The price range for the IPO was fixed at Rs 218-230 per share. The investors who have been allotted the IPO will have shares of the company at a price of up to Rs 230.
Despite the setback, Anil Ambani’s company’s stock bought increased, performance was astonishing
The IPO gave tremendous profits to the investors after the launch and the share price went up to the level of Rs 420. However, the share price fell for the last few days and now it is at the level of Rs 379.70 on Thursday.
How much will be the benefit: The share price is now Rs 33.40 or 9.64 per cent higher than the previous trading day. From this perspective, if the share price once again goes up to the level of Rs 420, then a profit of up to Rs 40 per share is expected.
At present, the market capital of the company is Rs 49,348.80 crore. However, the share price of Adani Wilmar has also crossed the level of 50 thousand crores. Let us tell you that Adani Wilmar is a leading company in edible oil.