Shares of three Adani group companies gained 2.92% to 8.5% at 10:48 IST on BSE on renewed buying.
Meanwhile, the S&P BSE Sensex was up 9.74 points or 0.04% at 22,494.67
Adani Enterprises galloped 8.5% to Rs 453.35 on volume of 11.92 lakh shares on BSE.
Adani Power gained 2.92% to Rs 54.60 on volume of 7.48 lakh shares on BSE.
Adani Ports & Special Economic Zone jumped 4.66% to Rs 195.55 on volume of 4.21 lakh shares on BSE.
Adani Enterprises had outperformed the market over the past one month till 15 April 2014, gaining 30.6% compared with the Sensex's 3.10% rise. The scrip had also outperformed the market in past one quarter, surging 67.98% as against Sensex's 5.62% rise.
Adani Power had outperformed the market over the past one month till 15 April 2014, gaining 31.03% compared with the Sensex's 3.10% rise. The scrip had also outperformed the market in past one quarter, surging 51.43% as against Sensex's 5.62% rise.
Adani Ports & Special Economic Zone had underperformed the market over the past one month till 15 April 2014, gaining 2.02% compared with the Sensex's 3.10% rise. The scrip, however, outperformed the market in past one quarter, surging 24.82% as against Sensex's 5.62% rise.
Shares of three Adani group firms gained on renewed buying. The Adani group is known for its proximity to Gujarat Chief Minister and Bharatiya Janata Party's (BJP) prime ministerial candidate Narendra Modi. Investors are betting that the BJP-led National Democratic Alliance (NDA) will be able to form the next government at the centre with support from some regional parties after Lok Sabha elections which conclude in mid-May this year.
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