Markets

Stocks of Gujarat-based cos rally

Our Bureau Mumbai | Updated on March 12, 2018 Published on May 16, 2014

Shares of Gujarat-based companies stormed the bourses, with the BJP-led NDA set to form the Government.

Shares of the Adani group especially celebrated the NDA win in the 16th Lok Sabha election. Adani Enterprises jumped 10 per cent. While Adani Power soared 8 per cent, Adani Ports and Special Economic Zone was up 7 per cent intraday on Friday.

Incidentally, the Adani Group stocks, especially Adani Enterprises, has been on a roll since the BJP announced Narendra Modi as its PM candidate for the 2014 Lok Sabha elections on September 13. The stock has rallied as much as 250 per cent in a matter of nine months.

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Published on May 16, 2014
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