Adani’s Wilmar company in Himachal Pradesh raided on allegation of tax irregularities
On late Wednesday night, the Himachal Pradesh state tax authority conducted searches on Adani's firm in Parvanoo.
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On late Wednesday night, the Himachal Pradesh state tax authority conducted searches on Adani's firm in Parvanoo.
Adani Wilmar results: Adani Wilmar Ltd shares were up 4.99% at 418.80 a share on the NSE in late afternoon trades.
The SGX Nifty suggests a favourable start for the BSE Sensex and NSE Nifty 50. Stocks to watch on Wednesday include Bharti Airtel, Adani Power, Adani Wilmar, and Shree Cement.
The only equities that are under the F&O ban period on Wednesday are GNFC and Indiabulls Housing Finance, therefore investors should keep an eye on both of these companies.
On Thursday, Adani Wilmar revealed a 73% decline in second-quarter profit as the Fortune cooking oil manufacturer struggled with input cost inflation.
Watch these stocks today: The focus of Thursday's trading will be on shares of companies like Wipro, HCL Technologies, Infosys, BPCL, Tata Power, IOC, Hindustan Zinc, and others.
The list will be formally released by the Index provider in the second half of August 2022.
Adani Wilmar share price opened lower and went on to make an intraday low of 631.65 per share, hitting the lower circuit for the third consecutive session. Rising input costs and lower edible oil prices in the domestic market may continue to dictate edible oil maker stocks, and thus one should avoid taking new positions on the counter.
Adani Wilmar bought the rice brand from McCormick Switzerland GMBH for an undisclosed amount.
Adani Wilmar has surpassed Hindustan Unilever (HUL) & took the first position as an FMCG giant.
The maiden public offer of the company opened for subscription on January 27
The government of Singapore was the top bidder in the anchor book, picking up shares worth Rs 368 crore.
The move to shorten the IPO size is perceived to be an exemplary move by investors as the problem size optimisation will help the company have a better return of capital employed (ROCE) and return on equity (ROE).
The company has opened up 12 Fortune Mart stores in Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Maharashtra and West Bengal.
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