InvestorQ : Why have the stocks of Adani Group been rallying of late?
manisha Kolvenkar made post

Why have the stocks of Adani Group been rallying of late?

Answer
image
Crowny Pinto answered.
3 months ago
Follow

In fact, even when the stocks corrected sharply about two months, there was no fundamental justification for the fall. Today, it is just these stocks playing catch up. Look at some of the key instances. In the last few days, Adani Transmission, Adani Total Gas and Adani Power were locked in 5% upper circuit. Then you have stocks like Adani Ports SEZ and Adani Green Energy, which have been rallying 2-3% on a daily basis.

Look at the bounce in some of these stocks. For example, Adani Transmission has rallied 75% in the last one month and currently it is just 4% below its all-time high levels. Similarly, Adani Enterprises is just 7.5% short of its previous highs. Most of the Adani group stocks have recouped gains. Meanwhile there could be one more mega listing from the Adani group as Adani Wilmar plans a Rs.4,500 crore IPO.

7 Views