Adani Wilmar Latest News:
Gautam Adani's company Adani Wilmar stock has registered a huge decline in the last few months.
Looking at the current market price of Adani Wilmar, this stock has lost more than 25 percent so far.
On April 28, 2022, the stock of Gautam Adani's Group company Adani Wilmar had reached a high of Rs 878.35.
Adani Wilmar's share is currently trading around Rs 655 on BSE. It has been declining for the last two sessions.
The stock of Adani Wilmar is still trading at 196 per cent above its IPO listing price and is providing good returns to the investors.
Share market experts believe that Adani Wilmar has gained almost 200 percent from its opening price of Rs 227.
According to experts, the fall in Adani Wilmar's share price has also been registered due to inflation and some rate hike by RBI.
Markets have been negatively impacted by rising commodity prices and supply chain issues due to the Russo-Ukraine War.
The main reason for the fall in the share price of Adani Wilmar is excessive profit-booking over the past several sessions.
Many experts believe that the Adani Wilmar stock will touch Rs 552 which is a support if it closes below Rs 629.
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