Shares of all Adani Group companies continued their sharp rally on Monday, driven by an enormous surge in the fairness market. Adani Power led the charge, skyrocketing nearly 18 per cent. Adani Power shares soared 17.67 per cent to an all-time excessive of Rs 890.40 on the BSE. Other Adani Group stocks also noticed giant gains: Adani Total Gas jumped 15.28 per cent, Adani Green Energy surged 13.49 per cent, Adani Ports rallied 11.84 per cent, and Adani Energy Solutions climbed 11.23 per cent.
The group's flagship firm, Adani Enterprises, noticed a 9.71
per cent increase. NDTV shares rose 10.84 per cent, Adani Wilmar superior 7.34
per cent, ACC shot up by means of 6.72 per cent, and Ambuja Cements received
6.58 per cent. Many of these firms reached record highs in morning trade. This
rally coincides with a good-sized jump in the broader market.
The 30-stock Sensex zoomed 2,507 points (3.4 per cent) to
close at 76,469. On the other hand, the NSE Nifty50 surged 733 points (3.25 per
cent) to settle at 23,264.
The surge follows exit polls on Saturday predicting Prime
Minister Narendra Modi will tightly close a 0.33 consecutive term, with the
BJP-led NDA anticipated to win an extensive majority in the upcoming Lok Sabha
elections. Vote counting is scheduled for June 4.
On Friday, shares of Adani Group companies surged up to 14
per cent after US brokerage Jefferies expressed a bullish view on the group,
highlighting its return to an expansion phase with a planned $90 billion
capital expenditure over the subsequent decade. This increase introduced Rs
84,064 crore to the market cost of Adani's 10 listed firms, bringing their
total market capitalization to Rs 17.51 lakh crore with the aid of the end of
trading on Friday.
Adani Group suggested a report of forty-five per cent make a bigger pre-tax profit (EBITDA) to Rs 82,917 crore (about $10 billion) for
FY24. This marks a good-sized restoration for the conglomerate, which has
targeted debt containment, decreasing founder share pledges, and
consolidating core enterprise areas following an indispensable record with the
aid of a US brief seller that had previously impacted its market value. The
team accomplished a five-year compound annual growth price (CAGR) of fifty-four
per cent in income growth.
Tags: Adani Group shares, Adani Group, Adani Group inventory
Tags: Adani Group shares, Adani Group, Adani Group stock
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন