Adani Wilmar extends rally; stock surges 30% over issue price

Shares of Adani Wilmar hit a new high of Rs 299.65, surging nearly 13% in Wednesday's intra-day trade

Shares of Adani Wilmar hit a new high of Rs 299.65 after they rallied nearly 13 per cent on the BSE in Wednesday's intra-day trade.

With today's rally, the stock of Adani Group edible oil major has surged 30 per cent over its issue price of Rs 230 per share, and is above 36 per cent from its listing price of Rs 221 on the BSE. On the NSE, it had listed with a minor loss of 1 per cent at Rs 227.

Adani Wilmar is the seventh listed company of Adani Group. The company is a joint