Wed Nov 27 07:08:41 UTC 2024: ## Adani Wilmar Shares Rise Slightly Amidst Broader Market Gains
**Mumbai, November 22, 2024** – Adani Wilmar shares experienced a modest 0.22% increase today, closing at ₹295.1. This comes amidst a positive day for the broader market, with the Sensex rising 1.16% to ₹78,050.84. While the stock reached a high of ₹300 and a low of ₹279.2 during intraday trading, it remains below its short-term and long-term simple moving averages.
Technically, the stock’s performance is mixed. Fundamental analysis reveals a ROE of 1.80% and ROA of 0.84%, with a P/E ratio of 39.66 and a P/B ratio of 4.29. Analysts forecast a median 1-year upside of 34.19%, projecting a target price of ₹396.00.
Institutional investor interest shows a slight increase. Mutual fund holdings rose from 0.03% in June to 0.04% in September, while Foreign Institutional Investor (FII) holdings increased from 0.73% to 0.93% during the same period. Promoter holding remains at 0.00%. The company’s share price rise mirrors positive movement in the overall market, with both Nifty and Sensex experiencing significant gains.
First Piper 