ADAG stocks surge, but analysts advise caution

NEW DELHI: Anil Dhirubhai Ambani Group (ADAG) company stocks have surged between 170-360 per cent over the last one year against just a 50-53 per cent rise in the Nifty50 and Sensex indices during the same period. Over the last one month, when the benchmark indices grew by around 3.25 per cent, all these ADAG group stocks have grown by over 100 per cent in value.

Reliance Power, for instance, has surged 120 per cent in the last one month and a staggering 360 per cent in the last year. Similarly, Reliance Infrastructure has surged 63 per cent over the last month and 190 per cent in the last year. Shares of Reliance Communications, which was once India’s leading telecom operator, is up by 200 per cent in the last month and 275 per cent in the last year.