The Parwanoo South Zone Enforcement wing of Himachal Excise and Taxation Department inspected stocks of Adani Wilmar Ltd at Parwanoo late Wednesday evening. It was a routine inspection of stock, officials of the excise and tax department told the PTI on Thursday. The company, engaged in warehousing of Kirana (grocery items), also provides goods to the civil supplies department and police department in the state. It has recorded a business of Rs 135 crore last year. The company's entire GST input was adjusted through tax credit but no payment was made in cash, the excise department has said. Seven companies of the Adani Group are doing business in the state.
Adani Wilmar has issued a statement saying that it was a routine inspection by relevant authorities and not a raid
Adani Wilmar had failed to deposit GST collection for "several years" and this reportedly led to the inspection
The stock of Adani Wilmar has recovered 9 per cent from its intra-day low of Rs 405.10, lifted by heavy volume. In the past three days, it has bounced back 16 per cent
Adani Wilmar, which receives over 80 per cent of its revenue from edible oils, saw a 4 per cent jump in it to take the tally to Rs 12,581.21 cr
CHENNAI (Reuters) - Fortune brand-owner Adani Wilmar on Wednesday reported a 16% increase in quarterly profit on higher demand for its cooking oil and packaged foods.
Stocks to Watch: Airtel reported a 91.5 per cent year-on-year rise in consolidated net profit; Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in Q3
Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar fell between 5% and 20% on Monday
Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%
Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud
Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer
Growth in the third quarter has been broad across both urban and rural towns, with higher saliency in urban markets, Adani Wilmar said
Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.
Some of the biggest Adani group backers from the Gulf are likely to be among the largest buyers of the Adani Enterprises' FPO, which is expected to be launched later this month.
Adani Wilmar has emerged as the top performing IPO of year 2022 with returns of more than 155 per cent post listing
Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022
Reliance Consumer Products launched its consumer goods brand, Independence. It puts the company in direct competition with Adani Wilmar. Is FMCG the new battlefield between the Ambanis and the Adanis?
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India's Adani Wilmar reported a 73% slump in second-quarter profit on Thursday, as the Fortune cooking oil maker reeled under dull demand from rural areas
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .