Adani Wilmar Share Price falls 10% to hit record lows

The share price of Adani Wilmar has experienced a correction of around 20% in 2024. The majority of market observers predicted that the scrip would decline even further in the near future. 

Adani Wilmar Ltd.'s stock fell 10% during Thursday's trading, reaching its lowest point ever, Rs 294.40. The stock has had an almost 20% correction at this price in 2024. The majority of market observers predicted that the scrip would decline even further in the near future. 

"Shares of the Adani Group have a high level of risk. Because of the present increased volatility, investors should continue to "wait-and-watch" the market. Investors with a high tolerance for risk should benefit from these companies, according to WealthMills Securities' Director of Equity Strategy Kranthi Bathini.

The stock of Adani may continue to decline. Avoiding these counters at the current levels is advised, according to market guru Raghvendra Singh. Following Gautam Adani, the chair of the Adani Group, being charged with bribery and fraud in the United States, the Adani stocks experienced a sharp decline today. 

According to US officials, Adani and seven other defendants—among them his nephew Sagar Adani—agreed to bribe Indian government officials in order to secure contracts that would create India's largest solar power plant project and generate an estimated $2 billion in profit over the course of 20 years.

Adani Wilmar Share Price

Adani Wilmar Share

Adani Wilmar