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Adani Wilmar Share: Adani Wilmar has reduced the price of edible oil, so the stock has fallen so much – News

Adani Wilmar Update: This news was not liked by the investors of Adani Wilmar, the company of Adani Group, which gave multibagger returns to its investors. Investors did not like this news. Due to the reduction in the price of food, the stock of Adani Wilmar fell by 5 percent on Monday morning, due to which the stock I got lower circuit. Adani Wilmar’s stock opened at Rs 578 in the morning and fell 5 per cent to a low of Rs 555.50.

The company made cooking oil cheaper
Actually, Adani Wilmar, giving relief to the general public, cut the prices of edible oil by 10 rupees. Adani Wilmar has reduced the maximum retail price (MRP) of one liter pack of Fortune Refined Sunflower Oil from Rs 220 to Rs 210, the company said in a statement. Similarly, the MRP of one liter pack of Fortune Soyabean and Fortune Kachchi Ghani (mustard oil) has been reduced from Rs 205 to Rs 195. It is obvious that this decision of the company will give relief to the common people who use expensive edible oil. Worried about the prices. But this decision of the company did not go down well with the market. Adani Wilmar’s stock fell heavily.

Adani Wilmar becomes multibagger stock
The IPO of Adani Wilmar, the FMCG company of Adani Group, is one of the best performing IPOs across Asia. Gautam Adani’s company Adani Wilmar has given the most excellent returns to investors investing in IPOs in all the companies that have brought IPOs across Asia in recent times. The company had come up with an IPO in February 2022 at a price of Rs 230 per share. Which is now trading around Rs 560. That is, the IPO of Adani Wilmar has given investors a return of more than 142 percent from the IPO price. This share of Rs 230 has also touched the level of Rs 878.

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