Is Adani Wilmar worth investing? Is Adani Wilmar good for long term?

India’s leading processor of crude oil, Adani Wilmar has been performing extremely well over the past few months. “The company’s shares have more than doubled since their listing, outperforming the benchmark indices and its sectoral peers in 2022. The shares of Adani Wilmar are listed at a 3.91% discount at Rs. 221 to their issue price on February 8, 2022. Since then, investors have reaped 150.67% returns till now,” reports said.

“Post a stellar listing in February 2022 due to a strong brand name and market share, Adani Wilmar had a good run in 2022 compared to the majority of other recently listed companies. However, 2023 might see a slight dip in the stock price up to Rs 538-540 levels, which will act as a strong support zone. These levels can be used to buy for targets of Rs 710-825 in the near term. A weekly close above Rs 825 could lead to even Rs. 1,000 in 2023,” Financial expert, Abhijeet from Tip2trade said.

Is Adani Wilmar good for a long term?

According to experts, Adani Wilmar is good for long-term perspective and also offers a robust run-up in the future. It has also been reported that in the next one-and-half year, it will yield decent returns.