Adani wilmar: Tripled in 2 months! Is it a good time to sell?

The Adani Group's stock has had an excellent return, increasing by 205% since it was initially traded in February.

Adani wilmar: Tripled in 2 months! Is it a good time to sell?

On Tuesday, the stock ended at Rs 676 against the listing price of Rs 221 on BSE.

On Tuesday, the stock ended at Rs 676 against the listing price of Rs 221 on BSE. The stock hit a record high of Rs 701.65 in the same session, reaching five per cent upper circuit.

Adani wilmar: Tripled in 2 months! Is it a good time to sell?

Investors are uncertain about what to do with their stock holdings following the impressive rally.

The steady increase of oil prices, combined with the company's competitive pricing advantages in the edible oil industry, has helped push stock prices for Adani Wilmar upwards.

"The steady increase of oil prices, combined with the company's competitive pricing advantages in the edible oil industry, has helped push stock prices for Adani Wilmar upwards."

Adani wilmar: Tripled in 2 months! Is it a good time to sell?

said, Pavitraa Shetty, Co-founder & Trainer, Tips2Trades.

Adani wilmar: Tripled in 2 months! Is it a good time to sell?

It may be wise for investors to take some profits off the table at this juncture, as the stock looks like it has become overvalued.

Adani wilmar: Tripled in 2 months! Is it a good time to sell?

Re-entering the stock at a dip near Rs 460-475 can provide better returns.