Adani Wilmar AWL Share Price Today: Stock Jumps After Listing at Discount; Buy, Sell or Hold?
News 18Adani Wilmar Listing on BSE, NSE Today: Adani Wilmar, one of the largest Fast-Moving Consumer Goods companies in India on Tuesday started its trading journey amid a volatile market. Adani Wilmar IPO comprises a fresh issue of new equity shares for an amount of up to Rs 3,600 crore. Adani Wilmar IPO Listing: What Investors Should Do Now For investors, Santosh Meena, head of research, Swastika Investmart Ltd, said, “Adani Wilmar is debuting the secondary market with a minor loss against the expectation of listing gain of 10-15 per cent. New investors can also look at buying opportunities at initial weakness.” Ravi Singhal, vice chairman at GCL Securities said, “Those who want to buy Adani Wilmar shares are advised to buy this stock in Rs 220 to ₹240 per share range for one year target of Rs 300 to Rs 320 maintaining strict stop loss at Rs 190 apiece levels.” “We had recommended SUBSCRIBE On the Adani Wilmar IPO. On the valuation of Adani Wilmar IPO, Amarjeet Maurya, AVP – mid caps, Angel One Ltd said, “In terms of valuations, the post-issue TTM P/E works out to 37.7x, which is reasonable considering AWL’s historical top-line & bottom-line CAGR of 13 per cent and 39 per cent respectively over FY19-21.