Business

Adani Wilmar Market Capitalization Crosses Rs 1 Lakh Crore As Shares Soar -By ASC


Adani Wilmar’s market capitalization surpassed Rs 1 lakh crore on Tuesday as its shares soared

Mumbai (Maharashtra):

Adani Wilmar’s market capitalization surpassed Rs 1 lakh crore on Tuesday as the company’s share jumped 5 per cent.

With the recent spike in share prices, Adani Wilmar has earned a place among the top 50 Indian companies in terms of market capitalization.

On the day of the listing of its shares on the stock market on February 8, 2022, the market capitalization of Adani Wilmar amounted to around Rs 35,000 crore. It has jumped about 250 percent in just two months.

Adani Wilmar shares jumped 5 per cent to Rs 802.80 on the BSE on Tuesday. 5 percent is the daily circuit limit for trading a company’s stock.

Adani Wilmar, a 50:50 joint venture company between conglomerate Adani Group led by Gautam Adani and Wilmar Group Singapore, had raised Rs 3,600 crore through an initial public offering (IPO) earlier this calendar year. The company’s shares were offered at a price of Rs 230 per share in the IPO.

(Except for the headline, this story has not been edited by AGRASMARTCITY staff and is published from a syndicated feed.)

Agrasmartcity

Welcome to India's Largest news platform, I assure you that we daily update on Global news which helps you to grow your knowledge.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
AllEscortAllEscort