Is The Adani Group Rally Sustainable?

Consolidated Financials of Adani Stocks

The remarkable surge in Adani Group’s stock prices has reignited the attention of both traders and investors. Many are now pondering whether these stocks still have potential for further growth and whether it’s the right time to enter the market. The report takes a closer look at the scenario
 

The Indian stock market has sustained its upward momentum, continuing the rally that commenced in November. With a gain of over 5 per cent last month and an additional 4 per cent in the first six trading sessions of December, one important contributor to this surge has been the resurgence of Adani Group stocks. Since the latter part of November, Gautam Adani’s conglomerate has witnessed a remarkable surge in market capitalisation, soaring by up to 48 per cent. Several of these stocks have even hit fresh 52-week highs, with Adani Total Gas emerging as a standout performer, boasting a 115 per cent increase within just nine trading sessions.