The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP’s electoral wins in three states, spurring hopes of regime continuity at the Centre.
The Gautam Adani group’s market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week.
“Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.