Adani Group stocks rally on hopes Modi may form next govt - The New Indian Express

Adani Group stocks rally on hopes Modi may form next govt

Published: 16th April 2014 03:19 PM

Last Updated: 16th April 2014 03:19 PM

Adani Group shares rallied on Wednesday on hopes that the Hindu nationalist opposition leader, Narendra Modi-led Bharatiya Janata Party (BJP) may form the next government.

The billionaire infrastructure-builder Gautam Adani'sis often associated with the rise of Modi,expected to become India's next Prime Minister once the country's election ends next month.Shares of Adani Enterprises surged the most with gain of 4.44% and Adani Ports climbed 3.61%.

On the other hand Adani Power fell 1.32% to Rs 52.30.

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