Adani Wilmar shares: KRChoksey sees 40% upside despite Hindenburg rout2 min read 16 Feb 2023, 11:12 AM IST
Adani Wilmar share price tumbled from around ₹575 to ₹415 per share levels in recent Hindenburg rout
Adani Wilmar shares bounced back strongly after receiving the heavy beating post-Hindenburg Research report raising concern over debt positioning of Adani group companies. The FMCG stock not just bounced back but it has been able to hold the gains it has registered from its lows. It seems that after the announcement of Q3 results 2023, market is showing confidence in this Adani group stock. KRChoksey believes that Adani Wilmar share price may go up to ₹569 apiece levels in long term, delivering around 40 per cent return to its positional shareholders.
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