Adani Wilmar's market capitalization surpassed 1 lakh crore on Tuesday, as the company's stock rose 5%.
Adani Wilmar has climbed into the top 50 Indian firms in terms of market capitalization thanks to a recent increase in share price.
The market capitalisation of Adani Wilmar was about 35,000 crore on the day of its stock market debut on February 8, 2022. In barely over two months, it has increased by about 250 percent.
On Tuesday, Adani Wilmar's stock jumped 5% to $802.80 on the BSE. The company's share trading has a daily circuit restriction of 5%.
Adani Wilmar, a 50:50 joint venture between Gautam Adani's Adani Group and Singapore's Wilmar Group, raised Rs 3,600 crore in its initial public offering (IPO) at the start of this calendar year. In the IPO, the company's shares were offered at a price of 230 per share.