Exit Poll Optimism: Adani Group Shares Hit Record Highs, Crosses Pre-Hindenburg Level

Monday witnessed a remarkable surge in the shares of Gautam Adani's multi-billion dollar conglomerate, with gains soaring up to 16%. This surge coincided with the unanimous predictions by exit polls forecasting a record victory for Prime Minister Narendra Modi in the impending Lok Sabha election results. The cumulative market capitalization of all 10 listed Adani stocks experienced a staggering increase of nearly Rs 1.4 lakh crore, elevating the total market value of the conglomerate's listed entities to Rs 19.24 lakh crore. With the exit polls hinting at a consecutive third term for PM Modi and the BJP-led NDA alliance poised for a landslide victory, Dalal Street experts foresee this electoral mandate as a significant booster for the markets and the Indian economy.