Ahmedabad : Shares of Indian oil importers rose sharply in Tuesday’s session as Indonesia eased restrictions on oil exports and removed crude palm oil and RBD palm oil from export restrictions. Shares of Adani Wilmar, joint venture of Adani and Wilmar also saw an upper circuit of 5% in today’s session. With this, the market value of Adani Wilmar has crossed 1 lakh crore.
Shares of Gautam Adani’s edible oil company rose 5 per cent to Rs. Adani Wilmar (AWL) hit a new high of 802.80 with Rs. Joins the Elite Group of Companies with a market capitalization (m-cap) of ₹ 1 trillion. AWL Rs. With a market cap of Rs 1.04 lakh crore, it has become the 50th largest company in India.
The issue price of Adani Wilmar’s share is Rs. 230 per share, up 249 percent. The company raised Rs 3600 crore and debuted in the stock market on February 8, 2022. Shares of Adani Wilmar have gained 92 per cent in the past one month, while the S&P BSE Sensex is down 0.25 per cent.