Adani Wilmar’s stock jumped more than 50 percent in two days, know why

Adani Wilmar Share New High: The rise in Adani Wilmar’s stock is not taking its name. For the second consecutive day, there is an upper circuit of 20 percent in the stock. On Thursday morning, the stock opened at Rs 356, but due to buying on sight, the stock reached Rs 386.25 with a jump of 20 per cent. After which trading in the stock had to be stopped after the up circuit was installed.

On Tuesday, Adavi Wilmar’s listing in the stock market was disappointing. The share price had fallen below the IPO price of Rs 230. But on the first day, the stock closed with a gain of 15 percent. But after that, every 20 percent increase is being seen in the stock for two days. That is, Adani Wilmar has given a return of 67 percent to the investors who invested in the IPO.

If market experts are to be believed, then the rise in Adani Wilmar may continue as the stock has not become expensive yet. Compare Price to Earning Ratio i.e. PE Ratio with FMCG companies like Nestle, Britannia, Adani Wilmar’s stock is getting at a PE of 38, whereas Nestle’s is getting more than 81 and Britannia is getting at a PE ratio of 55.

Adani Wilmar has raised Rs 3600 crore through IPO. Let us tell you that the price band of the IPO was fixed at Rs 218 to 230. Let us tell you that a completely fresh issue has been issued in the IPO, the promoter has not sold its stake.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

read this also

GST Update: Government may reduce GST rates on health insurance in preparation for major changes in GST

Property Price Hike: Property prices will increase in 2022, demand for houses also likely to increase