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Multibagger stock Adani Wilmar is facing a downturn in the stock markets this week, as the fear of low-double-digit revenue growth in Q2 is triggering investors. Today, on October 14, the share price of Adani Wilmar stood at Rs. 673.90 a piece, down by 1.45% intra day, at the time of writing. Fortune Is Adani Wilmar's most popular brand.
In an exchange filing, the company mentioned, "Rising interest rates, slow uptick in rural demand, and delayed withdrawal of monsoon in major parts of India impacted business in the quarter gone by. Edible oil business witnessed higher volume growth in the masstige category rather than the premium category as a result of down-trading." However, Adani Wilmar's food & FMCG segment of the company continued to grow, expanding over 40%.
However, investors can watch this stock to buy, as the company also mentioned, "We are hopeful of sequential improvement in demand trends with easing retail inflation and good monsoon." It added, "Overall, the business remained positive on growth trajectory riding particularly on the food and FMCG, and Oleo chemicals business."
Adani Wilmar - stock performance
In the last 5 days, the share of Adani Wilmar fell by 10.26%. However, in the past 1 month it has fallen by 7.67%. This Adani group stock grew by 151.39% in the last 1 year, making it a multibagger stock. However, in the last 5 years its share price surged by 76.99%. It is a large-cap stock with a market capitalization of Rs. 87,572 crore.
The 52-week high level of this stock is Rs. 878, and the 52-week low level of this stock is Rs. 227.
| Market capitalization | Current market price | 1 Year Upside | 5 Years Upside |
|---|---|---|---|
| Rs. 87,572 crore | Rs. 673 | 151.39% | 76.99% |
Disclaimer
Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, brokerage firm, and the author are not liable for any losses caused as a result of decisions based on the article.
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