Adani Wilmar share price today: Adani Wilmar stock climbed 4.98 per cent to Rs 693.90 against the previous close of Rs 661 on BSE. Market cap of the firm rose to Rs 89,287 crore.
Shares of Adani Wilmar and Patanjali Foods (formerly called Ruchi Soya) have risen up to 29 per cent in a month as sentiment is upbeat due to the upcoming festive season. The shares of edible oil and packaged food products firms might further rally on bourses in the near future amid expectations of rising demand for their products. Adani Wilmar vs Patanjali Foods shares: Both Adani Wilmar and Patanjali Foods have been among the top picks of investors since they have given multibagger returns after their market debut/relisting.
Adani Wilmar stock gained 5 per cent to Rs 770.05 against the previous close of Rs 733.40 on BSE. Shares of another edible oilmaker Patanjali Foods were stuck in the upper circuit of 5 per cent during the afternoon session today.
Shares of Adani Wilmar and Ruchi Soya have for long been among favourite picks of investors, considering their strong backing by Adani Group and Patanjali Ayurved. Ruchi Soya, which was renamed as Patanjali Foods, on June 24 is listed as Ruchi Soya Industries on NSE and BSE.
Shares of Adani Wilmar fell 5 per cent today after India's largest edible oil producer slashed the maximum retail price (MRP) of its Fortune range of edible oils by Rs 10. The move is intended to pass on the benefit to consumers after the government reduced the import duties on edible oils, making them cheaper in the country.