Adani Wilmar Shares Surge After Strong Q2 Earnings Report

Adani Wilmar Ltd's shares went up by 8.06% on Thursday. The stocks have hit a high of ₹344.60.

They were last trading at ₹337.30, but the stock has dropped by 8.09% this year.

The price increase happened after the company announced that its revenue grew by 18% compared to last year for the second quarter of FY25.

The food and FMCG (fast-moving consumer goods) part of the business grew by 34%. It reached ₹1,718 crore, registering a 33% rise in the amount sold.

The edible oil part also registered good growth as it increased its revenue by 21% to ₹10,977 crore.

The stock's 14-day relative strength index (RSI) is 51.49, which means it’s balanced—not too high or too low.

The relative strength index (RSI) of the stock in the last 14 days is 51.49. It has not experienced many fluctuations in the last fortnight

Adani Wilmar's price-to-earnings (P/E) ratio - 64.75

Price-to-book (P/B) ratio - 5.01.

The earnings per share (EPS) - 4.93

Return on equity (RoE) - 7.74%

Adani Wilmar Limited (AWL), an Indian multinational food and beverage conglomerate based in Ahmedabad, is a partnership between the Adani Group and a Singapore company named Wilmar.

As of September 2024, the owners hold 87.87% of the company.