adani wilmar share price The rally continued for the third consecutive session post listing as the FMCG stock rose over 15 per cent in morning deals. Adani Wilmar’s share price today opened with an upper margin of approx. 34 Each one and went to climb to his new height 381 per share on NSE.
According to stock market experts, the stock price is high and should book profits at the prevailing levels, while high-risk traders can hold the stock by maintaining the stop loss. Shares of Adani Group may hit the level of 319 410 level.
Share Price on Adani Wilmar New Target; Anuj Gupta, Vice President, IIFL Securities said, “Today the share price of Adani Wilmar has broken Trading at 350 level and above. Those who hold this counter and have high risk appetite can put the stock ahead with a trailing stop loss for the next possible target of 328 from 400 410 levels.”
Speaking on Adani Wilmar’s Share Price Outlook; Ravi Singhal, Vice Chairman, GCL Securities said, “The Adani Group stock is rising after the listing and those who have this stock in their portfolio are advised to book profits at current levels while high risk traders can close tomorrow’s stop loss. Can put counter to maintain. 321.90 per share.” Ravi Singhal of GCL Securities suggests traders who have high risk appetite, maintain the trailing stop loss. 319 are expecting profit booking any time now.”
advising investors to avoid taking any fresh positions in the counter; Avinash Gorakshakar, Head of Research, Profitmart Securities said, “Adani Wilmar share price is very good and one should avoid taking fresh positions at current levels as profit-booking can start in the stock at any point of time. Adani Wilmar Ltd. is an FMCG company. company and its operating margin is around 5-6 per cent.So, such a huge jump in stock was not expected in the counter but when such profit is available to the shareholders, it is better to book profit and wait for correction so that new Entry can be done. Counter.”
Shares of Adani Wilmar got listed on NSE and BSE on 8th February 2022. After listing at a discounted price of 227 on NSE, Adani Group shares soon recovered and started climbing on bulk buys by stock market investors. In the last two trading days of trading, this FMCG stock has achieved all the targets given by the brokerage.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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