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Adani Wilmar saw strong volume growth across segments in Q3, the company said in a BSE filing. The company posted high-single-digit growth in edible oil volumes, while the growth was in low-single digit in value terms during the quarter.

Initially, only a portion of the capital commitment is to be paid upfront and the balance amount is to be paid in installments as and when a drawdown is triggered.

A total of 85,881 shares changed hands on the counter till 12:29PM (IST)

Promoters held 55.45 per cent stake in the company as of December quarter while FIIs owned 0 per cent and DIIs 14.93 per cent.

Brokerage Motilal Oswal Securities expects private banks to report a 21% year-on-year (YoY) growth in pre-provision operating profit (PPoP) for the quarter and public sector banks to see a 19% growth.

Revenue/PAT are expected to grow 70%/27.1% YoY to INR64.1bn/INR4.7bn, led by higher power demand and increased earnings from LNG trading.

“If you have invested at 100, when it goes to 90, it is only temporary because given time it will come back to 105 or 110. But if you sell the stock at 90, then you have actually converted a temporary loss into a permanent loss. Now this is all assuming that you have done the right kind of investing.”

Promoters held 58.37 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 27.73 per cent and 2.71 per cent, respectively.

The Relative Strength Index of the stock stood at 37.81 on Wednesday.

However rising concern over uncertainties from the large economies and supply-side constraints may create uncertainties over the growth prospects of the company.