Adani Wilmar shares surge. What should investors do post Q3 results?
Adani Wilmar shares surged more than 5% to ₹440 apiece on the BSE in Thursday's early deals
Shares of Adani Wilmar Ltd (AWL) surged more than 5% to ₹440 apiece on the BSE in Thursday's early deals after the edible oil major reported a 16% increase in its consolidated profit to ₹246 crore for the third quarter ended December 2022 as compared to ₹211 crore in the year ago period. Adani Wilmar, which sells its cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture (JV) between business conglomerate Adani Group and Singapore-based food processing company Wilmar International.
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