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In the last week (December 04–08), the market capitalisation of Adani Green Energy, the renewable energy arm of the Adani Group, jumped by ₹83,000 crore, reaching ₹2,45,520 crore. Last week, the combined market value of ten listed companies increased by ₹3.21 lakh crore.
Indian Hotels share: The hotel stock, which closed at Rs 124.08 on December 10, 2020 rose to a high of Rs 441.55 in Monday's trade, clocking 255.85% returns during the period.
Multibagger stock: Shares of Hazoor Multi Projects were stuck in the upper circuit of 5% at Rs 245.60 in early deals in the current session.
"Elections do bring volatility. If one were to look at data for the last 30 years, despite the short-term volatility around pre and post election results, markets have given positive returns in almost all the terms of different political parties across this period. Given that we have had a good run up in the recent past, our guess is that we may see higher volatility as the election season comes closer."
Multibagger stock: Avantel shares hit an intraday high of Rs 130, 5.60% higher on BSE. Market cap of the firm climbed to Rs 3104.12 crore.