Adani Wilmar breaks into Rs 50,000-cr m-cap club; stock up 68% in 3 days

Adani Wilmar was locked at the 20 per cent upper circuit for the second straight day. The market cap of the company stood at Rs 50,201 crore, as per NSE data.

Shares of Adani Wilmar were locked at upper circuit for the second straight day, up 20 per cent at Rs 386.25 on the National Stock Exchange (NSE) on Thursday, thus also hitting a new high since its market debut on Tuesday.

With today’s rally, the stock of Adani Group edible oil major has surged 68 per cent over its issue price of Rs 230 per share, and is above 70 per cent from its listing price of Rs 227 on the NSE. The stock has zoomed 75 per cent from its debut price of Rs 221 on the BSE.