If you also invest in the stock market, then this news can be important for you. Because a Multibagger Stock stock has given a gain of 109 percent to investors in just two months. Due to which they can make big profit by selling shares. This multibagger stock belongs to the Adani Group.
The company is one of the leading vendors in the edible oil market in India. It supplies oil to other countries including India. The company plans to further increase the overall distribution in the next 3-4 years. The Adani Group stock has given multibagger returns, rallying over 109% in the last 2 months since its listing in February 2022. Adani Wilmar is a joint business of the Adani Group and the Wilmar Group of Singapore.
how much would be the profit
Adni Group’s stock has made huge gains in the stock market in the last few years. In such a situation, if someone would have bought the shares of this group during this period, then he would have got a big profit. On the other hand, if an investor had invested only Rs 5000 in just two months, then he would have got an additional profit of Rs 5,450.
What do the experts think
The brokerage expects the edible oil and packaged food industries to continue to remain strong. The reason behind this could be due to increasing penetration of branded players, growth of enduser industries and growing export market.
Sell shares now or not?
If you have a stock, then you can stay for a while, because stock market experts believe that its stock may rise further. At the same time, the company is also planning to expand its distribution system further. While some believe that the problems arising out of the Russia-Ukraine conflict and the shortage of sunflower oil could pose risks.