Since the stock of Adani Wilmar has been listed in the market, it has continuously hit the upper circuit. Today again this stock is in the upper circuit at a time when the broader market has fallen by more than 2 percent.
Adani Wilmar Upper Circuit: With the latest entry of Adani Group into the stock market, the stock price of Adani Wilmar continues to rise. Today on Monday again the upper circuit was put on this stock. This stock (Adani Wilmar Stock) has tripled the money of investors in the last 70 days on the basis of a continuous upswing.
Adani Wilmar stock again outperformed
The stock of Adani Wilmar remained stable and opened at the old level today, but in a short time, it defeated the move of the stock market. Shortly after the commencement of trading, Adani Wilmar’s stock was once again in the upper circuit. At 12:30 pm, this stock was trading 5 percent higher at Rs 668.25. Earlier on Wednesday last week, the stock of Adani Wilmar opened at the old level after being stable today, but in a short time, it defeated the move of the stock market. Shortly after the commencement of trading, Adani Wilmar’s stock was once again in the upper circuit. At 12:30 pm, this stock was trading 5 percent higher at Rs 668.25.
Earlier on Wednesday last week, the stock of Adani Wilmar closed at Rs 636.45.
Sensex and Nifty have fallen so much
This upper circuit has come in the stock of Adani Wilmar at a time when the market is down. Talking about the broader market, both BSE Sensex and NSE Nifty have fallen. At 12:30 pm, Sensex was trading around 57 thousand points, falling more than 1,300 points. Similarly, NSE Nifty was also down by more than 350 points and remained around 17,125 points. Also Read: Airtel vs Reliance Jio: Know whose prepaid plan is the best in less than Rs 300, get these benefits
Adani Wilmar stock is listed in the market at a discount
This Adani Group company has recently been listed on the stock market. It is the seventh and newest company of Adani Group in the open market. It has consistently made a record after listing at a discount. After the IPO (Adani Wilmar IPO), its stock was listed at a discount of about 4 percent. However, after this, the stock of Adani Wilmar had made a recovery and closed the very first day with a tremendous rise of 18 percent. After the listing, it continuously hit the upper circuit and it had jumped 60 percent in the first 3 days itself.
Adani Wilmar stock was listed in February
A price band of Rs 218-230 was set for Adani Wilmar’s IPO. This stock started trading at Rs 221 with a discount of about four percent. It has been only 70 days since Adani Wilmar’s stock was listed in the market, but in such a short time its price has climbed more than 3 times. With a rise of about 150 percent, this stock has consistently made its investors rich.
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