Adani shares surge: What’s driving the skyrocketing growth?
Shares of Adani group companies soared on Tuesday, January 14, with all 10 stocks gaining. Adani Power led the rally, surging more than 18% to ₹532.95. Adani Energy Solutions and Adani Green Energy followed closely, rising over 12%. Shares of Adani Energy Solutions reached ₹773.55, while Adani Green Energy hit ₹1,002.85 on the NSE.
Other stocks also saw significant gains. Adani Total Gas rose 9% to ₹687.60, and NDTV climbed 9% to ₹152.10. The flagship Adani Enterprises stock gained 8.5%, trading at ₹2,414.25. ACC, Adani Ports, Ambuja Cement, and Sanghi Industries saw modest gains between 4-5%. Even Adani Wilmar, despite recent struggles, rebounded with a 3% rise.
Market experts attribute the rally to speculation surrounding the group’s fundraising plans. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, suggests that market buzz stems from the expectation that former US President Donald Trump’s potential return to the White House could make it easier for the Adani group to raise overseas funds.
An Adani Group spokesperson declined to comment on these rumors but confirmed that discussions with various institutions were ongoing as part of the company’s business activities.
Despite the surge, analysts caution investors. They warn that the gains are speculative and advise against fresh buying until the company provides an official statement. Mahesh M Ojha, AVP of Research at Hensex Securities, recommends that existing investors maintain strict stop-loss measures and wait for more clarity before making further moves.
