New Delhi: All listed Adani Group shares have rallied ever since the Lok Sabha Election 2024 Results were declared on Tuesday, June 04, 2024. Out of all these 10 listed stocks of the Rs 3.67 lakh crore worth Adani conglomerate, the renewable energy company, Adani Green Energy and media company, NDTV, have rallied the most. The renewable energy play of the Adani Conglomerate increased 14 per cent considering Friday’s trading session’s closing price. The stock ended at Rs 1,865 apiece on Friday on the Bombay Stock Exchange (BSE.) The second most run up stock from the group was NDTV. The stock was up 13 per cent since the result day. As per Friday’s closing trade, the stock ended at Rs 1,378 on the BSE.
CNI Research, CMD, Kishor Ostwal, said that out of all the 10 stocks, he prefers Adani Enterprises, Adani Ports and ACC.
Adani Group Cos Regain Rally After Lok Sabha Election 2024 Results
Company
Returns since Lok Sabha Election 2024 Result Day
(in %)
Stock’s Closing Prices As Per Friday’s Trading Session (in Rs)
Adani Enterprises
9
3,218
Adani Ports
12
1,378
Adani Total Gas
7
978
Adani Power
7
767
NDTV
13
1,378
ACC
10
2,496
Ambuja Cements
11
621
Adani Green Energy
14
1,865
Adani Wilmar
4
344
Adani Energy Solutions
5
1,021
Two of the Adani Group’s cement companies, ACC and Ambuja Cement have also rallied around 10 per cent after the election results. ACC closed on Friday at Rs 2,496 apiece on the BSE, while the cement scrip ended at Rs 621 on the BSE.
If we look at Adani Group’s logistics play, Adani Ports stock has rallied 12 per cent and as per the Friday’s trading session’s closing price, the stock ended at Rs 1,378 apiece on the bourse.
Other stocks like Adani Power and Adani Total Gas have also rallied seven per cent. While, the former closed on Friday at Rs 767 apiece, the latter ended the day’s trading session at Rs 978 apiece on the BSE.
As far as Adani Group’s flagship company, Adani Enterprises is concerned, the stock has again regained investors’ trust after Lok Sabha Election 2024 Result day mayhem. The scrip rallied nine per cent ever the since the election and ended Friday’s trading session at Rs 3,218 apiece on the BSE.
The conglomerate’s FMCG play, Adani Wilmar, and electric power transmission company, Adani Energy Solutions, have rallied around five per cent. While, the former’s closing price was Rs 344 on Friday’s trading session, the latter ended at Rs 1,021 apiece on the BSE.
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All the Adani Group Stocks have rallied after the Dalal Street bloodbath on Lok Sabha Election 2024 Results day, i.e. on June 4, 2024. Adani Green Energy is already up 14 per cent, while, NDTV has rallied 13 per cent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
