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ADANI WILMAR Plunges 5%; BSE FMCG Index Up 0.4%
Tue, 6 Aug 16:46

ADANI WILMAR Plunges 5%; BSE FMCG Index Up 0.4%Image source: DNY59/www.istockphoto.com

ADANI WILMAR share price has plunged 5% and is presently trading at Rs 365.0.

Meanwhile, the BSE FMCG index is at 22,306.9 (up 0.4%).

Among the top losers in the BSE FMCG index today are Marico (down 6.3%) and AVANTI FEEDS (down 3.4%).

Ruchi Soya Industries (up 4.6%) and JYOTHY LABS (up 4.4%) are among the top gainers today.

Over the last one year, ADANI WILMAR has moved down from Rs 400.4 to Rs 365.0, registering a loss of Rs 35.4 (down 8.8%).

On the other hand, the BSE FMCG index has moved up from 18,868.9 to 22,306.9, registering a gain of 18.2% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 100.6%), BOM.BURMAH (up 98.1%) and JYOTHY LABS (up 76.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

ADANI WILMAR Financial Update...

ADANI WILMAR net profit grew 621.9% YoY to Rs 3,116 million for the quarter ended June 2024, compared to a loss of Rs 597 million a year ago. Net sales rose 9.6% to Rs 141,686 million during the period as against Rs 129,281 million in April-June 2023.

For the year ended March 2024, ADANI WILMAR reported 69.2% decrease in net profit to Rs 1,707 million compared to net profit of Rs 5,536 million during FY23. Revenue of the company fell 11.9% to Rs 512,616 million during FY24.

The current Price to earnings ratio of ADANI WILMAR, based on rolling 12 month earnings, stands at 87.5.


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