Adani Wilmar’s stock fell 5% to Rs 583.25 on the BSE on Tuesday, marking the eighth consecutive day of losses. For the fifth day in a row, the stock of Adani Group Company, which is in the edible oil business, has been stuck in a 5% lower circuit. After the company announced a mixed bag of results for the quarter ending March 2022, it fell 34% from its 52-week high of Rs 878 reached on April on the NSE and BSE, a total of 781,497 equity shares changed hands until 10:41 a.m., with 2.73 million shares pending sell orders. The S&P BSE Sensex, on the other hand, was up 0.19 percent at 54,575 points Adani Wilmar is currently listed on the BSE in the T group and on the NSE in the BE category. Each trade in the T2T and BE segments must result in delivery, and no intra-day netting of positions is permitted.





Adani Wilmar is a joint venture between the Adani and Wilmar groups, and the Fortune brand is India’s top edible oil manufacturer. In addition to oil.

the corporation sells wheat flour, rice, legumes, sugar, and packaged meals. Adani Wilmar had previously collected Rs 3,600 crore through an initial public offering (IPO) and launched on the stock exchanges on February 8, 2022. From its issue price of Rs 230 per share, the stock had risen 282 percent. However, on the day of the IPO, it hit an intra-day low of Rs 221 Adani Wilmar’s net profit for Q4FY22 declined 26% year on year (YoY) to Rs 219.2 crore, owing to higher tax burden. However, revenue from operations increased by 40.2 percent year on year to Rs 14,960.4 crore. “Inflation caused a decrease in rural demand, the business explained.






Analysts at KRChoksey Shares and Securities, on the other hand, feel that Adani Wilmar’s focus on growing its FMCG and packaged food businesses, as well as its shift to value added goods, will result in increased market share and margin expansion.

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