Adani Power share

Adani Group Stocks on Fire: Record Highs, Surging Values, and Political Predictions

Adani Group stocks are on a winning streak as they reach record highs amidst political speculations. Is it time to invest or watch from the sidelines?

Adani Group stocks, including Adani Power, are making waves in the market with unprecedented surges. The recent rally saw Adani Power zooming up to nearly 18%, contributing to the group's significant market capitalization increase. Investors are keeping a close eye on the Adani group companies as they lead the market recovery.

The momentum continued with Adani Power and other group shares rallying sharply, raising the total market capitalization of Adani companies by a staggering Rs 2.02 trillion. The market buzz intensified as predictions of a BJP-led NDA win in the Lok Sabha polls boosted the stocks further.

Exit poll impacts fueled a surge in BSE Power stocks, with Adani stocks gaining up to 16% as market sentiment leaned towards a Modi victory. The conglomerate's combined market cap soared by a whopping Rs 1.4 lakh crore, showcasing the market's confidence in the group's potential.

Adani Group shares have overcome past challenges, shedding the Hindenburg stain after 16 months and witnessing remarkable growth. Adani Power and Adani Ports have notably surged, with stock values doubling or more since pre-Hindenburg levels. The equity market's surge saw various Adani companies, including Adani Enterprises and ACC, recording substantial increases.