Friday's Preview. Can Adani Wilmar continue its recent gains?

Adani Wilmar's stock has shown impressive gains recently, rising 3.11% on February 20, 2025, outperforming the broader market3. The company's Q3 results were stellar, with profits doubling to Rs 411 crore and revenues jumping 31% to Rs 16,859 crore46. Despite this positive momentum, the stock remains below its long-term moving averages, indicating potential challenges ahead. As markets open on Friday, investors will be watching closely to see if Adani Wilmar can maintain its upward trajectory and break through key resistance levels. The company's focus on urban revival and quick grocery delivery could be key drivers for future growth.
Sources: MarketsMojo, Economic Times, Business Standard