Dalal Street bulls may be interested in Adani Enterprises shares on Monday, according to Mahesh M. Ojha, Head of Research at Hensex Securities.
When trading resumes on Monday, the Indian stock market is anticipated to react favorably to the Bhartiya Janata Party's (BJP) stunning victory in the 2025 Delhi Assembly Elections.According to market analysts, there were some skepticism about "Brand Modi" during the 2024 Lok Sabha Elections, but these worries should be allayed because the BJP has since done well in every state election.
With metal and banking stocks seeing significant buying activity, analysts predict a gap-up opening on Dalal Street. They also anticipate a surge in sentimental purchases of Adani stock.
Why would Monday's spotlight be on Adani shares?
Dalal Street bulls may be interested in Adani Enterprises shares on Monday, according to Mahesh M. Ojha, Head of Research at Hensex Securities.
"When the market reopens on Monday, I think Dalal Street bulls may overlook Adani Enterprises shares among the Adani group stocks," Ojha stated. Since Adani Ports is the foundation of the Adani group's operations, there may be some interest in purchasing its shares.
In the meantime, it has been discovered that Adani group shares have some value buying if there is something favorable for the brand Modi in Indian politics, according to Anshul Jain, Head of Research at Lakshmishree Investment and Securities.
After the results of the 2024 Lok Sabha Election were announced, there was a significant sell-off in Adani Group shares. This was followed by a large buy-off following the Lok Sabha Exit polls. Similarly, following the BJP's triumph in the assembly elections in Haryana, Madhya Pradesh, and Maharashtra, we witnessed some buying in the shares of the company held by Gautam Adani. Therefore, it is anticipated that the trend will continue following Monday's Delhi Election Results," Jain continued.
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