Adani Wilmar bucks weak trend in group companies; surges 5% post Q3 results

The stock of Adani Wilmar has recovered 9 per cent from its intra-day low of Rs 405.10, lifted by heavy volume. In the past three days, it has bounced back 16 per cent

Shares of Adani Wilmar (AWL) were up 5 per cent to Rs 405.10 on the BSE in Thursday's intra-day trade after the Adani group's edible oil company reported 15 per cent year-on-year (YoY) growth in standalone profit after tax at Rs 277 crore in December quarter (Q3FY23).

The stock has recovered 9 per cent from its intra-day low of Rs 405.10. In the past three days, it has bounced back 16 per cent from a level of Rs 380.40 touched on Monday, February 6. Prior to that, the market price of AWL had tanked 34 per cent since January