Modi effect !!! Watch Adani enter prises. Agreeing fundamentals - TopicsExpress

Modi effect !!! Watch Adani enter prises. Agreeing fundamentals support. We bought the share based on its momentum. We never dig into the details why it is moving up. But making a small research may give some insights All Adani group companies added nearly 20,000 crore. Now the groups capitalization is 83,000 crores. We have already read in news media the relation between Modi and Adani group. FIIs already started buying Adani group shares. Global investors own 20% stake in Adani Enterprise, 17% in Adani Port SEZ and 6.5% in Adani Power. The Modi effect on Adani Group is almost unmistakable: ever since the Gujarat chief minister was declared BJP`s PM prospect in September, shares of Adani companies quickly changed gears. Adani Enterprise surged 124% to its 52-week high of Rs 301 on Friday, Adani Port SEZ has rallied 48% to its 52-week high of Rs 185, and Adani Power has gained 18% to Rs 39.55, during the same period. excellatrader/News%20View.aspx?id=326&market=Market+Analysis

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