Adani Wilmar share price: At today's closing of Rs 499.70, the scrip has tanked 23.38 per cent against a closing level of Rs 652.20 on December 13. Adani Wilmar has lost 43.11 per cent compared to its April high of Rs 878.35. That said, the stock has ascended by 126.11 per cent from its one-year low level of Rs 221, hit in February this year.
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.
Shares of Adani Wilmar fell for the second consecutive session today after rating agency CreditSights raised several concerns with regard to the conglomerate's business. Adani Wilmar stock lost 3.86 per cent intraday to Rs 663 today against the previous close of Rs 689.60 on BSE. Adani Wilmar shares closed 4.73 per cent lower on Tuesday against the previous close of Rs 723.85.