Small Cap ADAG stocks soar up to 105 per cent in one month

Punters betting on ADAG shares are speculating that several ADAG group shares are under the NCLT resolution and some value may be left for shareholders.

Anil Dhirubai Ambani Group (ADAG) companies  may have been down but certainly are not out yet; that is if we go by the listed stocks performance of the ADAG stock on bourses.

Reliance Communication has soared 105.6 per cent in one month, Reliance Capital has gained 79.77 per cent while Reliance Power is up by more than 86 per cent in one month. Reliance Infrastructure and Reliance Naval & Engineering are also up by 73.12 per cent and 67.24 per cent respectively in one month. Punters betting on ADAG shares are speculating that several ADAG group shares are under the  National Company Law Tribunal (NCLT) resolution.

Few optimists believe once the financial decisions will be made in the next few weeks in the NCLT resolution, the overall recovery could be higher than the amount due to creditors. Which essentially means that there may be some value left for existing shareholders.  At this moment it is a risky assumption and investors can stay away from such counters where the uncertainty is high about the NCLT outcome. 

Performance of ADAG group stocks :