Is Adani Wilmar good to buy?
Adani Wilmar has more debt, but its market share is increasing. So, Adani Wilmar is the better stock to invest in. If it maintains these levels, target price over the next year is Rs 900." "Adani Wilmar and Ruchi Soya both are good for long-term perspective and offer a robust run-up in future.
Shares of Adani Wilmar fell over 3 per cent today after India's largest edible oil producer slashed the maximum retail price of cooking oil prices by up to Rs 30 per litre amid a fall in global prices. Adani Wilmar stock fell up to 3.42 per cent to Rs 602 against the close of Rs 623.30 in the previous session.
| High | $4.49 |
|---|---|
| Median | $3.89 |
| Low | $3.24 |
| Average | $3.88 |
| Current Price | $4.00 |
After taking into consideration YKA and Adani-Wilmar market capitalization, Wilmar is significantly undervalued especially the Indonesia, South Africa and Australia businesses.
The IPO price was Rs 230 and the stock trades at Rs 680 today (May 02), delivering a return of about 80% since listing. There are a few reasons why most investors like this stock. One, the prospects of the company appear to be good.
The stock will resist the overall weakness in the market and move towards the target of Rs 700-Rs 740 levels in near term." Currently, Adani Wilmar stock is trading 193.86 per cent higher to its IPO listing price this year.
In terms of outlook, AEM shares have an average rating leaning towards 'outperform' and price target of S$6.14 (equating to a 46.2% upside potential from the stock's last traded price), according to the latest SGX StockFacts data.
We manufacture, package, distribute, market and sell a wide range of food products including bread, milk, cheese, chicken, flour, cooking oils, spreads, baking ingredients, ice cream and snacks. We are the world's largest producer of consumer pack edible oils with leading positions in many Asian and African countries.
Wilmar International Ltd (Wilmar) is a processor of agricultural commodities. The company's business activities include oil palm cultivation, edible oils refining, oilseed crushing, sugar milling and refining, oleochemicals, biodiesel, specialty fats, and fertilizer manufacturing, and flour and rice milling.
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. ...
- Research the stock. ...
- Purchase now or later. ...
- Check in on your investment.
Can Adani Wilmar be a multibagger?
Edible oil company Adani Wilmar, which owns the oil brand Fortune, is the latest multibagger from the Adani group. It got listed on February 8 this year. As compared to the issue price of Rs 230, the stock has delivered a handsome profit of 158 per cent so far. The company came up with an IPO in February 2022.
Adani Enterprises Limited
3,005/share on NSE, gaining by 0.98%, till last traded. In the last 5 days it gained by 6.95%, in the last 1 month, its share price has gained by 23.99%. In the past 6 months, its stock price up by 73.07%, and in the last 1 year, it has surged by 105.82%. Its 52-week high range is Rs.
“The company has a strong raw material base and was one of the largest importers of edible oil in the year 2021. We can consider this stock on a long term basis, the best buying strategy could be buying at the dip,” said Manoj Dalmia, founder and director at Proficient equities.
1] Adani Power: Shares of this Adani group stock had closed at ₹39.15 levels on 21st August 2020 on NSE whereas Adani Power share price today is ₹410.65 apiece. This means, Adani Power share price has ascended around 10.50 times in last two years.
