Adani Group Stock Prices today: On Monday, the shares of Gautam Adani‘s multi-billion dollar conglomerate experienced a significant rally, with gains reaching up to 16%. This surge followed the unanimous predictions by exit polls that Prime Minister Narendra Modi will secure a record victory in the Lok Sabha election results on Tuesday.
The cumulative market capitalization of all 10 listed Adani stocks witnessed an increase of nearly Rs 1.4 lakh crore, elevating the total market value of the conglomerate’s listed entities to Rs 19.24 lakh crore, according to an ET report.
Adani Power, which has seen its value nearly double in the past 6 months, emerged as the top performer, rallying 16% to reach a new 52-week high of Rs 875 on the BSE. Within the Nifty50 pack, Adani Ports led the gains with a 9% return, closely followed by a 7% increase in the group’s flagship entity, Adani Enterprises.
Also Check | Stock Market Live Updates: BSE Sensex, Nifty50 scale record highs
Other notable gainers included Adani Total Gas, Adani Energy Solutions, and Adani Green, all of which were trading 7-8% higher. Adani stocks are now approaching their pre-Hindenburg levels, with several counters having already recovered all losses. In the fiscal year 2024, the Adani Group’s profit after tax (PAT) has surged by 55% to Rs 30,768 crore, while its EBITDA grew by 40% year-on-year to Rs 660 billion.
Jefferies maintains buy recommendations on Adani Enterprises (target price Rs 3,800), Adani Ports (target price Rs 1,640), and Adani Energy Solutions (target price Rs 1,365).
Last week, CLSA included Adani Ports, Adani Enterprises, ACC, and Ambuja Cement in its list of 54 Modi stocks. The list also comprises PSUs and stocks belonging to various other corporates that are considered direct beneficiaries of PM Modi’s policies.
The cumulative market capitalization of all 10 listed Adani stocks witnessed an increase of nearly Rs 1.4 lakh crore, elevating the total market value of the conglomerate’s listed entities to Rs 19.24 lakh crore, according to an ET report.
Adani Power, which has seen its value nearly double in the past 6 months, emerged as the top performer, rallying 16% to reach a new 52-week high of Rs 875 on the BSE. Within the Nifty50 pack, Adani Ports led the gains with a 9% return, closely followed by a 7% increase in the group’s flagship entity, Adani Enterprises.
Also Check | Stock Market Live Updates: BSE Sensex, Nifty50 scale record highs
Other notable gainers included Adani Total Gas, Adani Energy Solutions, and Adani Green, all of which were trading 7-8% higher. Adani stocks are now approaching their pre-Hindenburg levels, with several counters having already recovered all losses. In the fiscal year 2024, the Adani Group’s profit after tax (PAT) has surged by 55% to Rs 30,768 crore, while its EBITDA grew by 40% year-on-year to Rs 660 billion.
Jefferies maintains buy recommendations on Adani Enterprises (target price Rs 3,800), Adani Ports (target price Rs 1,640), and Adani Energy Solutions (target price Rs 1,365).
Last week, CLSA included Adani Ports, Adani Enterprises, ACC, and Ambuja Cement in its list of 54 Modi stocks. The list also comprises PSUs and stocks belonging to various other corporates that are considered direct beneficiaries of PM Modi’s policies.