Adani Wilmar Stock: Up nearly 140% from its issue price! What's next?

Adani Wilmar: YTD Return

On a year-to-date basis, the shares of Adani Wilmar have delivered a 98% return to its shareholders

Adani Wilmar's Debut
On D-Street

Shares of Adani Wilmar made their debut on February 8, 2022. The stock made its market debut at Rs 221 on BSE

Adani Wilmar Share Price

Shares of Adani Wilmar ended 5% higher at Rs 550.85 on BSE on December 27, 2022. Market cap of the firm rose to Rs 71,592.80 crore

Adani Wilmar:
Multibagger return

Currently, the Adani Wilmar stock is up nearly 140% from its issue price of Rs 230

What's next for Adani Wilmar stock?

According to AR Ramachandran from Tips2trades, Rs 950-1,000 could be a long-term target on a close above Rs 779

Analysts on Adani Wilmar share

"Adani Wilmar is scouting for acquisitions that will help it to grow faster than the industry pace," says Vinit Bolinjkar, Head of Research at Ventura Securities

About Adani Wilmar

Adani Wilmar is a joint venture between the Adani Group and the Wilmar Group. It commenced its journey with the edible oil business in 1999 and diversified into the food business in 2013

Adani Wilmar's Portfolio

Adani Wilmar is also engaged in the manufacture of industry-essential businesses, comprising the manufacture of oleo chemicals and castor oils

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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