Investec has reaffirmed its “hold” rating on Adani Wilmar, assigning a target price of ₹397, indicating a potential upside of 23% from the current market price of ₹323.25.
The brokerage highlighted that the shift to single promoter ownership is a positive development, ensuring streamlined decision-making. It anticipates that the entire transaction process will be completed within the next 12 months. Investec also emphasized the company’s stable and professional management, which continues to report effectively to the board, with no expected changes in operational structure.
Additionally, the brokerage noted that Adani Wilmar’s usage of Adani Group’s infrastructure is expected to remain unchanged, even as finer details of the deal between the Adani and Wilmar groups are finalized in the coming months.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
