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

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- 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.


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