A number of environmental clearances are struck for Adani group projects and they are likely to get the same when Narendra Modi comes to power in the centre. Without tarnishing the image of any company as per our presumptions the Adani group must have had paid a hefty amount for Narendra Modi election campaign as the way he has unleashed social media campaigns and advertisement in print and electronic media definitely requires money power.
Shares of Adani Group companies will rise as it is now clear that Narendra Modi-led Bharatiya Janata Party (BJP) may form the next government. Based in Gujarat, Adani’s businesses has benefitted from Modi’s emphasis on economic development and has been granted undue favours. Thus we suggest accumulating Adani Enterprises, Adani Power and Adani Port shares as a systematic plan. We are in particular bullish on Adani Enterprises.
Our clients are long in Adani Port and Adani Enterprises for since 26 Feb 2014 under our delivery stock recommendations and you can be also a part of the league by subscribing for these calls. We have advised our clients to keep buying the group stocks till 16 May 2014 as a systematic investment plan when Adani group stocks are going to reach their peak. However one warning which need to be heeded is that Adani Power is among one of the Top 10 Highest Debt Laden Company in India and one has to book the profit at the right time.