Adani Group shares rise
In the initial trends of counting of votes for Bihar Assembly Elections 2025, on one hand the ruling NDA alliance seems to be moving towards a huge majority, while on the other hand there is a huge rise in the stocks of Adani Group. Although today was not a very good day for the market, but Adani Group’s shares this fall Stood strong even in the whirlwind of.
This rise is also special because the name of Adani Group was also raised loudly in the electoral battle of Bihar. The opposition had tried to make it a big election issue. In such a situation, as the picture of NDA’s victory is becoming clear, investors are seeing it as a positive sign for the group.
‘Adani Power’ was made an issue
In fact, in this time’s assembly elections, the opposition parties, especially the Congress Party, had prominently raised the allegations against the Adani Group. The main allegation of the opposition was that Gautam Adani’s group was given land at throwaway prices to set up a power plant in the Peerpainti area of Bhagalpur district of Bihar.
According to the allegations, around 1,050 acres of land and 10 lakh trees were sacrificed for the project, all of which was allotted at a mere Re 1 per annum. The opposition had cornered the government by directly linking it to ‘friendship’. This issue remained very hot during the election campaign.
Today, when the counting trends seem to be giving a clear majority to the same ruling alliance (NDA) which had allotted this land, market players have interpreted it in their own way. Investors probably feel that with the withdrawal of NDA, there will be no political impact on the projects related to the group and the work will continue unhindered. The effect of this positive sentiment was directly visible on Adani’s shares.
Two shares touched 52 weeks high
The most special thing in today’s rally was the performance of two stocks, which went against the market and made their best record of one year. This feat has been achieved by Adani Ports and Special Economic Zone and Adani Energy Solutions.
Adani Ports: There was a strong rise of more than 1 percent in the shares of this giant company of the group. With this surge, the share price reached Rs 1,523.45, which is its highest level in 52 weeks i.e. in the last one year.
Adani Energy Solutions: Similarly, this company working in the energy sector also made the investors happy. Its shares also jumped by more than 1 percent and reached the important level of Rs 1,050. This price is also a new peak of 52 weeks for this stock.
Sensex-Nifty in ‘red mark’
It was not that the rise was limited to just these two-three shares. Shares of almost all the major companies of Adani Group were seen trading in the ‘green mark’ today, which was completely different from the market trend.
Shares of the group’s flagship company, Adani Enterprises, also showed a strong rise of more than 2 percent and were found trading at the level of Rs 2553. At the same time, the shares of Adani Total Gas also remained the choice of investors and jumped by about 2 percent to reach Rs 635.10.
Today the mood of the Indian stock market was not at all good. If we look at the situation around 2 pm, BSE’s main index Sensex was trading at 84,102.96 with a big fall of 376 points (0.44%). At the same time, NSE’s Nifty also fell by 110.71 points (0.42%) to the level of 25,771.40.