Adani Wilmar Ltd (AWL) is one of the leading players in the edible oil and food products sector in India. The enterprise is a joint venture between the Adani Group and the Singapore-based agribusiness firm Wilmar International. AWL has a diversified portfolio of brands such as Fortune, Aadhar, Fryola, Jubilee, Raag and Avsar. Here is Adani Wilmar Share Price History from past 2 years.
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On January 27, 2022, AWL debuted on the stock market with an initial public offering (IPO) of 17.5 crore equity shares priced between Rs 395 and Rs 428 per share. The IPO was 2,74 times oversubscribed and received a positive response from investors. Through the IPO, the company raised Rs 7,500 crore, which was primarily used to repay debt and fund expansion plans.
The listing day was a memorable one for AWL, as the share price opened at Rs 500, a premium of 16.8% over the issue price of Rs 428. The share price soared to Rs 509, an all-time high, within minutes of trading. The market capitalization of AWL crossed Rs 68,000 crore on the first day itself.
Decline
However, the euphoria did not last long, as the share price started to decline gradually after the initial surge. The share price closed at Rs 464.3 on May 24, 2022, down by 8.7% from the opening price. The market capitalization of AWL also dropped to Rs 62,500 crore.
Pandemic
The share price continued to fall in the subsequent months, as the company faced several challenges such as rising raw material costs, lower demand due to the Covid-19 pandemic, and regulatory uncertainties. The share price touched a 52-week low of Rs 327.25 on February 28, 2022, down by 34% from the issue price. The market capitalization of AWL also plunged to Rs 44,000 crore.
March 2022
However, the share price started to recover from March 2022 onwards, as the company reported strong financial results for the quarter ended December 31, 2022. The company had a net profit of Rs 433 crore, which was 54% higher than the same time last year. Its sales was Rs 12,631 crore, which was 36% higher than the same time last year. The company also declared an interim dividend of Rs 1 per share.
The share price also got a boost from the positive outlook for the edible oil industry in India, as the demand for healthy and branded oils increased amid the pandemic. The company also benefited from its diversified product portfolio and strong distribution network across the country.
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September 23, 2022
The share price reached a new high of Rs 841.7 on September 23, 2022, up by 96% from the issue price. The market capitalization of AWL also soared to Rs 1.13 lakh crore.
However, the share price could not sustain the momentum and started to correct again from October 2022 onwards. The share price faced pressure from various factors such as profit booking by investors, rising competition from other players in the industry, and volatility in the global commodity markets.
The share price closed at Rs 404 on June 23, 2023, down by 3.4% from the previous close. The market capitalization of AWL also declined to Rs 54,300 crore.
Adani Wilmar Share Price History of AWL shows that it has been a roller coaster ride for investors since its listing. The share price has witnessed significant ups and downs in a short span of time. The share price performance of AWL depends on various factors such as its financial results, industry trends, market sentiments and global events.
Investors who are interested in AWL should do their own research and analysis before investing in the company. They should also keep track of the latest developments and news related to AWL and its industry.
Adani Wilmar Ltd (AWL) stock for the last 6 Days
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| 23-Jun-2023 | 418.15 | 418.15 | 411.05 | 414.15 |
| 22-Jun-2023 | 417.10 | 422.00 | 413.00 | 418.50 |
| 21-Jun-2023 | 416.00 | 420.00 | 412.00 | 417.10 |
| 20-Jun-2023 | 415.00 | 420.00 | 410.00 | 416.00 |
| 19-Jun-2023 | 410.00 | 420.00 | 410.00 | 415.00 |
| 18-Jun-2023 | 405.00 | 415.00 | 405.00 | 410.00 |
Historical prices of Adani Wilmar Ltd (AWL) stock for the last 2 years.
| Year | Open | High | Low | Close |
|---|---|---|---|---|
| 2023 | 500.00 | 509.00 | 327.25 | 404.00 |
| 2022 | 230.00 | 499.00 | 230.00 | 464.30 |
Note: The share price data for 2021 and earlier is not available as AWL was listed on January 24, 2022.