Being the top turnover stock on BSE, this multibagger FMCG stock witnessed only buyers today!
This multibagger outperformed BSE FMCG sectoral index by posting impressive gains of nearly 180 per cent, so far this year!
The sluggish trading of the Indian domestic indices reflected investors’ unease ahead of the outcome of the US Federal meeting. The major Asian markets were trading lower with a majority of them tumbling more than a per cent. The Indian benchmark indices, on the other hand, had recovered their losses and were trading flat.
While most sectors were trading flat, BSE Fast Moving Consumer Goods (FMCG) sector was the top gainer, led by the shares of Adani Wilmar Limited. Hindustan Unilever and Nestle India were also among the Top Gainers on Sensex.
At 11 am, on an intraday basis on Wednesday, the shares of Adani Wilmar soared to Rs 808.55 per share on BSE after being locked in the 5 per cent upper circuit, becoming the session's highest turnover stock. Following that, the stock dropped sharply in line with the declines in the domestic indices.
Even so, Adani Wilmar Ltd, a multi-bagger, outperformed BSE FMCG sectoral index by posting impressive gains of nearly 180 per cent, so far this year. In just six months, the stock generated returns of almost 90 per cent!
Adani Wilmar is a leading FMCG food company in India, providing the majority of the essential kitchen commodities for Indian consumers, such as edible oil, wheat flour, rice, pulses, and sugar.
Keep a close eye on this scrip for the upcoming sessions!