Shares of Adani Group companies continued their upward movement for the second straight day and rallied up to 19 per cent backed by heavy volumes following the landslide victory of the Bhartiya Janta Party (BJP) in three state elections.
In the past two trading days Adani Group stocks have surged up to 31 per cent in anticipation that India will witness a stable government post the general election in 2024. Among individual stocks, Adani Green Energy surged 19 per cent to Rs 1341.60 in intra-day trade today. In past two trading days, the stock has rallied 31 per cent. The average trading volumes at the counter jumped three-fold today.
