Adani Group companies such as Adani Enterprises, Adani Ports and Special Economic Zone (SEZ) and Adani Power are in focus, trading higher by up to 10% each, after exit polls showed that the Narendra Modi-led NDA could probably win the most seats in national parliamentary elections.
Among individual stocks, Adani Ports and SEZ has surged by 11% to Rs 227, also its fresh 52-week high, on the Bombay Stock Exchange (BSE).
The counter has seen an over two-fold jump in trading volumes, with a combined 9.53 million shares changing hands till 1020 hours on the BSE and NSE.
Adani Enterprises and Adani Power has soared 7% each at Rs 462 and Rs 53.40 respectively on the BSE. Both these counters have seen huge trading activity.
Since September 13, 2013, when the Gujarat chief minister was announced as the party's choice for the country's top job, the Indian markets have rallied over 20%, with the total listed companies on BSE adding Rs 15.36 lakh crore in value. The market capitalisation of the Adani group, which has most of its investments in Gujarat, has nearly doubled during the period.
Among individual stocks, Adani Ports and SEZ has surged by 11% to Rs 227, also its fresh 52-week high, on the Bombay Stock Exchange (BSE).
The counter has seen an over two-fold jump in trading volumes, with a combined 9.53 million shares changing hands till 1020 hours on the BSE and NSE.
Adani Enterprises and Adani Power has soared 7% each at Rs 462 and Rs 53.40 respectively on the BSE. Both these counters have seen huge trading activity.
Since September 13, 2013, when the Gujarat chief minister was announced as the party's choice for the country's top job, the Indian markets have rallied over 20%, with the total listed companies on BSE adding Rs 15.36 lakh crore in value. The market capitalisation of the Adani group, which has most of its investments in Gujarat, has nearly doubled during the period.
