Shares of three Adani group companies rose 5.29% to 15.99% at 10:40 IST on BSE on renewed buying.
Meanwhile, the S&P BSE Sensex was up 1,151.51 points or 4.82% at 25,057.11.
Adani Enterprises galloped 15.99% to Rs 580.60 on volume of 14.31 lakh shares on BSE.
Adani Power gained 6.64% to Rs 58.60 on volume of 40.53 lakh shares on BSE.
Adani Ports & Special Economic Zone jumped 5.29% to Rs 232 on volume of 12.40 lakh shares on BSE.
Shares of Adani Enterprises had outperformed the market over the past one month till 15 May 2014, rising 19.86% compared with 6.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 132.71% as against Sensex's 17.38% rise.
Shares of Adani Power had underperformed the market over the past one month till 15 May 2014, rising 3.68% compared with 6.32% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 67.02% as against Sensex's 17.38% rise.
Shares of Adani Ports & Special Economic Zone had outperformed the market over the past one month till 15 May 2014, rising 17.93% compared with 6.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.90% as against Sensex's 17.38% rise.
The Adani group is known for its proximity to Gujarat Chief Minister and Bharatiya Janata Party's (BJP) prime ministerial candidate Narendra Modi.
Early results in India's general election put opposition leader Narendra Modi on course for an absolute majority on Friday, 16 May 2014, handing him an unfettered mandate.
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