Why sudden decline in the stock of adani Wilmar???
Gautam adani has joined the list of the fifth richest person in the world. During this, there was a steady jump in the shares of adani Group. However, in the fourth consecutive trading session, there is a decline in the stock of adani Wilmar. Adani's stock has broken up to 22 percent in just 4 days. Significantly, within just 3 months, the stock of adani Wilmar has given a profit of 282 percent to the investors. At present, its market cap has come down to 90 thousand crores.
Adani Wilmar's stock is fallingAdani Wilmar's stock has been declining for 4 consecutive days. Experts say that the fundamentals of adani Wilmar are very weak, due to which a decline is being registered in it. Due to the excessive rise in the stock, the price of its share has become overvalued. Also, due to the fall in the prices of edible oil, the stock of adani Wilmar has also been affected. The company's profit declined by 26 percent to 234.29 crore in the march quarter.
Should investors invest in adani Wilmar?Experts say that the selling phase is still going on in adani Wilmar. If its shares fall further, then investors can invest in it afresh. If its share comes close to Rs 500 per share, then investors should increase it in their portfolio.
Gautam adani has joined the list of the fifth richest person in the world. During this, there was a steady jump in the shares of adani Group. However, in the fourth consecutive trading session, there is a decline in the stock of adani Wilmar. Adani's stock has broken up to 22 percent in just 4 days. Significantly, within just 3 months, the stock of adani Wilmar has given a profit of 282 percent to the investors. At present, its market cap has come down to 90 thousand crores.
Adani Wilmar's stock is fallingAdani Wilmar's stock has been declining for 4 consecutive days. Experts say that the fundamentals of adani Wilmar are very weak, due to which a decline is being registered in it. Due to the excessive rise in the stock, the price of its share has become overvalued. Also, due to the fall in the prices of edible oil, the stock of adani Wilmar has also been affected. The company's profit declined by 26 percent to 234.29 crore in the march quarter.
Should investors invest in adani Wilmar?Experts say that the selling phase is still going on in adani Wilmar. If its shares fall further, then investors can invest in it afresh. If its share comes close to Rs 500 per share, then investors should increase it in their portfolio.