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Since November, authorities have unrolled a bewildering array of policy measures including subsidies, export permits and a palm oil levy as well as export bans. ....
Shares of Adani Wilmar have attracted huge investor interest since their market debut in February this year. The stock of the edible oil manufacturer closed at Rs 840.50 on April 27 against the listing price of Rs 221 on February 8, delivering 280.31 per cent returns to investors. The firm achieved another feat in the stock market on April 26 this year when its market capitalisation crossed Rs 1 lakh crore for the first time ever. It became the seventh listed firm of the Adani Group to achieve this milestone in the equity market. Currently, the firm's market cap stands at Rs 1.09 lakh crore on BSE. The stock closed 4.70 per cent higher at Rs 840.50 on Wednesday against the previous close of Rs 802.80. ....
Adani Wilmar stock listed at Rs 221 on February 8 this year. It closed at Rs 764.60 in the previous session, delivering 245.97% returns to investors in over two months.
Indonesia counts for more than half of the global supply of the edible oil, which is used in everything from cakes, chocolate, margarine and frying fats to cosmetics, soap, shampoo and cleaning products. ....