Adani Wilmar shares have been put under surveillance and hence speculative buyer have gone silent on this multibagger stock.
On why Adania Wilmar share price is nosediving, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Adani Wilmar shares have been put under surveillance (ASM) and hence speculative buyers have gone silent on the multibagger stock. According to stock market analysts, Adani Wilmar shares have been put under ASM and hence speculative buyer have gone silent on this multibagger stock. So, one should avoid this stock from taking any position and those who have this stock in their portfolio are advised to maintain strict stop loss below โน600."
Adani Wilmar stock hit lower circuit of 5 per cent in afternoon trade today amid a weak broader market. It opened 5 per cent lower at Rs 613.90 on BSE.
Shares of Adani Wilmar listed at Rs 221, a 3.91 per cent discount to their IPO issue price on BSE. The issue price of the IPO stood at Rs 230. The firm offered its shares in a price band of Rs 218-Rs 230. It had initiated coverage on the stock with 'hold' and a target price of Rs 559 over the next 12 months. The stock has gained 11.65 per cent in a month but lost 18.54 percent in a week. Technically, the stock looks overbought and investors are advised to book partial profits at current levels. It opened 5 per cent lower at Rs 613.90 on BSE. Market cap of the firm fell to Rs 79,787 crore.
The stock of Adani Group Company, engaged in edible oil business, locked 5 per cent lower circuit for the fifth straight day. It slipped 34 per cent from its 52 ...
Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() For Q4FY22, the net profit of Adani Wilmar fell 26 per cent year-on-year (YoY) to Rs 219.2 crore on the back of higher tax expense. The stock had zoomed 282 per cent from its issue price of Rs 230 per share. Adani Wilmar Q3 results: Consolidated PAT surges 66% to Rs 211 crore Centre cuts duty on refined oils, extends import tenure of pulses Analysts have downgraded their stance to 'underweight' with a target price of Rs 525.
Adani Wilmar's share price on BSE was down by 4.99 per cent or 30.65 points at Rs 583.25.
The share price of Adani Wilmar on the NSE fell 4.99 per cent or 30.65 points at Rs 583.25. You can track Adani Wilmar's share price can be checked at https://www.bseindia.com/stock-share-price/adani-wilmar-ltd/awl/543458/ Adani Wilmar's share price on BSE was down by 4.99 per cent or 30.65 points at Rs 583.25.
Shares of Adani Wilmar hit a lower circuit of 5 per cent in early trade today. It opened 5 per cent lower at Rs 583.25 on BSE. Market cap of the firm fell ...
The company also owns the popular brand Fortune, which is the largest selling edible oil brand in India. AR Ramachandran, Co-founder & Trainer, Tips2Trades had said that the stock was overbought at that time and advised investors to keep booking profit till Rs 812. Brokerage KRChoksey has initiated coverage on Adani Wilmar and sees over 20 per cent upside from the current level. On April 26, Prashanth Tapse, Research Analyst and VP Research at Mehta Equities advised investors to book 30% to 40% of the holding around Rs 840-850 levels. Total 0.17 lakh shares of the firm changed hands amounting to a turnover of Rs 3.05 crore on BSE. The stock has gained 6.07 per cent in a month but lost 22.61 per cent in a week. It opened 5 per cent lower at Rs 583.25 on BSE. The market cap of the firm fell to Rs 75,803 crore.