Adani Wilmar hits back-to-back 5% upper circuit in 2 days; best performing IPO in 2022 post listing

Adani Group-backed FMCG company, Adani Wilmar has emerged as the best-performing IPO in 2022 post-listing. The start of this week has also been on a bullish note as this FMCG player continues to hit the back-to-back upper circuit in 2 days. On Tuesday, Adani Wilmar’s stock locked on the 5% upper circuit. Compared to its IPO issue price, to date, Adani Wilmar’s stock has skyrocketed by nearly 140%. In less than a year, Adani Wilmar is a multi-bagger.

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