Adani Wilmar share price Today Live Update

Stock closes up 2.58% at ₹363.95

– Adani Wilmar's stock price touched an intraday high of ₹366.50 and a low of ₹359.10.

– The stock traded with a volume of 1.5 crore shares. – The market capitalization of the company stood at ₹2.4 lakh crore

– Strong demand for edible oil in the domestic market

– Expectations of a good monsoon – Positive global cues

– The Adani Wilmar stock is trading above its 200-day moving average, which is a bullish sign.

The stock is also trading in a rising channel, which suggests that the trend is likely to continue.

– Investors can buy the stock on dips as it is expected to continue to rise in the near term.

They can also look at investing in the stock for the long term as the company is well-positioned to benefit from the growth of the edible oil market in India.

– "Adani Wilmar is a good quality stock with strong fundamentals," said Ajit Mishra, VP - Research, Religare Broking.

"The stock is likely to continue to rise in the near term as the demand for edible oil is expected to remain strong," he added.

– The Adani Wilmar stock is expected to trade in the range of ₹355-370 in the coming week.

The stock is likely to see some volatility in the short term, but the long-term trend is likely to be positive.

– The main risk to the stock price is a sharp rise in crude oil prices.

Another risk is a slowdown in the Indian economy.