The Adani group has always been percieved to be close to Narendra Modi.
It is interesting to see how this perception plays out in the stock markets.
The Gujarat elections ended on 17th Dec, 2012.As soon as it ended, news channels started predicting a landslide win for Narendra Modi.
This seems to have acted as a tonic to the Adani group stocks.
In the last two days alone, check out the performance of the Adani Group:
Adani Ports:1.39%
Adani Enterprises:4.47%
Adani Power:8.37%
Would be interesting to see the performance of the Adani group once the results are declared tomorrow.