Adani Wilmar's Stock Continues to Decline, MarketsMOJO Gives 'Sell' Call

Apr 15 2024 09:37 AM IST
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Adani Wilmar, a leading FMCG company in India, experienced a decline in its stock price today, opening with a loss of -4.13% and continuing to underperform the sector by -2.32%. This marks the fourth consecutive day of losses, with a total fall of -6.27% in this period. The stock is currently trading below its moving averages and has underperformed the overall market. MarketsMojo has given a 'Sell' call for the stock, highlighting the need for investors to closely monitor its performance and make informed decisions.

Adani Wilmar, a leading FMCG company in India, saw a decline in its stock price today. The stock opened with a loss of -4.13% and continued to underperform the sector by -2.32%. This marks the fourth consecutive day of losses for the company, with a total fall of -6.27% in this period.

The stock also opened with a gap down of -4.13% today and touched an intraday low of Rs 331.05. Adani Wilmar's current stock price is trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages.

In comparison to the overall market performance, Adani Wilmar's stock has underperformed. Its 1 day performance is -3.85% compared to Sensex's -1.01%, and its 1 month performance is -3.61% compared to Sensex's 1.17%.

Based on these factors, MarketsMOJO has given a 'Sell' call for Adani Wilmar's stock. As a largecap company in the FMCG industry, it is important to keep an eye on the company's performance and stock trends. Investors are advised to do their own research and make informed decisions before investing in Adani Wilmar.
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