Adani Wilmar share price: Stock exchange BSE today sought clarification from the company on the stock price movement. Adani Wilmar, in response, said, "We would like to clarify that the movement in the share price of the company is purely due to market conditions and absolutely market driven and the management of the company neither has any control nor has any knowledge of reasons for movement in price of shares."
Adani Wilmar share price: Considering Monday's closing price of Rs 295.25, the stock has plunged 51.12 per cent in 2023 so far and 13.56 per cent in a month to hover around its one-year low price. The counter was up just 0.94 per cent from its 52-week low of Rs 292.50, hit a couple of sessions back on November 10, 2023.
While the stocks have recovered from crash that followed the the Hindenburg Research early this year, most of the scrips are still trading lower than they were before the US-based shortseller accused the group of stock manipulation
Adani Group is planning to exit a few businesses to invest deeply in core focus areas such as infrastructure. Plans to disinvest in Adani Wilmar are part of those plans.