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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 to Rs 75,803 crore.
Shares of Adani Wilmar have attracted huge investor interest since their market debut in February this year. The stock of the edible oil manufacturer closed at Rs 840.50 on April 27 against the listing price of Rs 221 on February 8, delivering 280.31 per cent returns to investors. The firm achieved another feat in the stock market on April 26 this year when its market capitalisation crossed Rs 1 lakh crore for the first time ever. It became the seventh listed firm of the Adani Group to achieve this milestone in the equity market. Currently, the firm's market cap stands at Rs 1.09 lakh crore on BSE. The stock closed 4.70 per cent higher at Rs 840.50 on Wednesday against the previous close of Rs 802.80. ....
Adani Wilmar stock listed at Rs 221 on February 8 this year. It closed at Rs 764.60 in the previous session, delivering 245.97% returns to investors in over two months.
Adani Wilmar stock seems to have rallied too far in just over two months. The stock of the Adani Group delivered a return of 205 per cent since its muted debut on February 8 this year. The stock ended at Rs 676 on Tuesday against the listing price of Rs 221 on BSE. However, the stock hit upper circuit of five per cent and hit a record high of Rs 701.65 in the same session. Market cap of the firm stood at Rs 90,977 crore on BSE. The company logged a muted market debut on February 8. Shares of the Adani Group firm 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 company offered its shares in a price band of Rs 218-Rs 230. ....
Adani Wilmar stock seems to have rallied too far in just over two months. The stock of the Adani Group delivered a return of 205 per cent since its muted debut on February 8 this year. The stock ended at Rs 676 on Tuesday against the listing price of Rs 221 on BSE. However, the stock hit upper circuit of five per cent and hit a record high of Rs 701.65 in the same session. Market cap of the firm stood at Rs 90,977 crore on BSE. The company logged a muted market debut on February 8. Shares of the Adani Group firm 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 company offered its shares in a price band of Rs 218-Rs 230. ....