Adani Wilmar MCap: MCap has grown so much in just 3 days, Adani enters the company's top 100

-


- Gautam Adani's Adani Group has 50% stake in Adani Wilmer, the remaining 50% stake is held by Singapore's Wilmer Group

New delhi date. Friday, February 11, 2022

Adani Wilmer, a member of the Adani Group, which has been listed on the stock exchange this week, continues its impressive performance. In just 3 days, the company's stock has risen more than 60 percent. As a result of this huge rally, the company's MCap has also increased rapidly and now it has entered the top 100 companies listed in the stock market.

Rally of this stock for 3 consecutive days

Adani Wilmer's stock jumped 19.99 per cent to Rs 381.80 on the BSE on Thursday. The stock jumped 19.99 per cent to Rs 386.25 on the NSE. Earlier on Wednesday, the stock had jumped 19.98 per cent to close at Rs 318.20 on the BSE and closed at Rs 321.90, up 20 per cent on the NSE. The stock was listed at about 4 percent discount on Tuesday. It then recovered and closed with a strong 18 percent gain.

Increase in mcap than these companies

Adani Wilmer's mcap has gone up to around Rs 50,000 crore. At the same time, Adani Group's 7th listed company has now become the 95th largest company in the country in terms of MKP. Adani Wilmer's MCAP is now more than Bharat Electronics, Biocon Limited, L&T Technology Services, Bosch, Tata Elxsi, HDFC Asset Management, ABB India, Page Industries, Hindustan Aeronautics and Star Health Allied Ins.

Company participation in the market

Adani Wilmer sells edible oil under the Fortune brand name. Apart from that the company also trades in food items like rice, flour, sugar. The company's portfolio also includes products such as soaps, handwash and hand sanitizers. It is the largest company in the branded edible oil market. It currently has an 18.3 per cent share of the segment, which is twice as much as the nearest competitor.

Adani's companies were already listed

Adani Wilmer has a 50 per cent stake in Gautam Adani's Adani Group. The remaining 50 per cent stake is held by the Wilmer Group of Singapore. This is the 7th Adani Group company to enter the stock market. Adani Group's Adani Enterprise, Adani Green Energy, Adani Port & Sage, Adani Power, Adani Total Gas and Adani Transmission are already listed on the stock exchange.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more