The results of Maharashtra Assembly elections have come out. A grand alliance government seems to be formed in the state with a huge majority. Even if it is not decided yet who will take oath as the Chief Minister of the state? There is one more question here, that is, will good days come for Gautam Adani after this victory? This question is also important because Gautam Adani was a major issue during the elections. Which the opposition had tried to capitalize on. The opposition leaders had even said that if their government is formed in Maharashtra, all the projects of Adani will be cancelled. In which Dharavi Redevelopment Project is very important.
Apart from this, after the report from the US Justice Department and the news of the arrest warrant, there was a huge fall in the shares on Thursday. There was definitely a recovery on Friday, but the shares continued to fall. Will these shares also see an increase after the formation of the Mahayuti government? Let us try to understand why Maharashtra’s victory has become important for Gautam Adani and how can Gautam Adani benefit from it?
Mahayuti wins in Maharashtra, Adani shares in focus
When the stock market opens on Monday, shares of Adani Group will be in focus. It is being estimated that the effect of the victory in Maharashtra under the leadership of Mahayuti i.e. BJP can be seen in the shares of Gautam Adani. A good rise can be seen in the shares of Adani Enterprises, Adani Port and SEZ, Adani Power, Adani Green Energy, Ambuja Cement, ACC Limited. Before that, after the news from New York on Thursday, there was a big fall in the shares of Adani Group. While recovery was definitely seen in the shares of companies on Friday, a decline was seen in the shares of some companies. A bullish atmosphere may be seen in Adani’s shares on Monday.
Big relief on Dharavi project
After the victory of Mahayuti, Adani has got a big relief on the Dharavi project. As we told you that the issue of giving Dharavi Redevelopment Project to Gautam Adani remained heated throughout the elections. Rahul Gandhi and Uddhav Thackeray were seen continuously cornering the state and central government by keeping Gautam Adani at the centre. The way the results are showing in favor of Mahayuti, it has become clear that the common people have no problem with Adani in the matter of Dharavi. Gautam Adani can start work on the Dharavi project rapidly in the coming days. This total project is worth Rs 20 thousand crores. In which 80 percent stake belongs to Gautam Adani. Whereas the share is 20 percent. About Rs 5,100 crore will be spent in the first phase.
How much wealth declined in two days
Due to the fall in the shares of Adani Group on Thursday and thereafter on Friday, there has been a big decline in the net worth of Gautam Adani. According to Bloomberg Billionaires Index data, Gautam Adani has suffered a loss of $ 14.7 billion i.e. Rs 1.24 lakh crore in two days. After which Gautam Adani’s total wealth has become 70.8 billion dollars. Due to which Gautam Adani has been out of the list of top 20 billionaires of the world. When there will be a rise in the stock market on Monday, then Adani’s wealth may also increase. This means that the victory of Mahayuti has become very big for Gautam Adani.