Adani group stocks surf on Modi wave! Rs 1.4 lakh crore market cap added as exit polls predict NDA win

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Adani Group Stock Prices as we speak: On Monday, the shares of Gautam Adani‘s multi-billion greenback conglomerate skilled a major rally, with good points reaching as much as 16%. This surge adopted the unanimous predictions by exit polls that Prime Minister Narendra Modi will safe a report victory within the Lok Sabha election outcomes on Tuesday.
The cumulative market capitalization of all 10 listed Adani stocks witnessed a rise of almost Rs 1.4 lakh crore, elevating the whole market worth of the conglomerate’s listed entities to Rs 19.24 lakh crore, based on an ET report.
Adani Power, which has seen its worth almost double previously 6 months, emerged as the highest performer, rallying 16% to succeed in a brand new 52-week excessive of Rs 875 on the BSE. Within the Nifty50 pack, Adani Ports led the good points with a 9% return, intently adopted by a 7% enhance within the group’s flagship entity, Adani Enterprises.
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Other notable gainers included Adani Total Gas, Adani Energy Solutions, and Adani Green, all of which have been buying and selling 7-8% increased. Adani stocks at the moment are approaching their pre-Hindenburg ranges, with a number of counters having already recovered all losses. In the fiscal 12 months 2024, the Adani Group’s revenue after tax (PAT) has surged by 55% to Rs 30,768 crore, whereas its EBITDA grew by 40% year-on-year to Rs 660 billion.
Jefferies maintains purchase suggestions on Adani Enterprises (goal worth Rs 3,800), Adani Ports (goal worth Rs 1,640), and Adani Energy Solutions (goal worth Rs 1,365).
Last week, CLSA included Adani Ports, Adani Enterprises, ACC, and Ambuja Cement in its listing of 54 Modi stocks. The listing additionally contains PSUs and stocks belonging to numerous different corporates which are thought of direct beneficiaries of PM Modi’s insurance policies.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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