Shares of 3 Adani Group companies hit record highs Monday in the middle of a broadbased rally in the infrastructurefocussed Indian conglomerate after exit surveys predicted a 3rd straight term for Prime Minister Narendra Modi's government.

The 10-company corporation, led by billionaire Gautam Adani, has invested billions of dollars in mining, ports, trading, electricity and gas to name a few sectors to take advantage of the Modi federal government's focus on facilities development.

On the day, shares of Adani Ports jumped as much as 12.8% to a record high, while Adani Power rose almost 18% and Ambuja Cements increased about 7% to also hit all-time highs.

Shares of Adani Enterprises, the group's flagship firm advanced almost 10%, while renewable resource business Adani Green climbed up by 14% to their highest since January 2023.

If the present federal government is going to continue for a third term, the growth in facilities will be a big focus. Many Adani Group business are greatly into infrastructure and thus, we are seeing action in these stocks, said Prashanth Tapse, Senior VP (Research), Mehta Equities.

Adani Ports and Adani Enterprises were amongst the top 10 gainers on the benchmark Nifty 50 index, which likewise rallied to a record high as the exit polls made sure political connection.

The index has actually nearly doubled because 2019, when Modi was chosen for a second term. The Adani Group stocks have, nevertheless, sky-rocketed in between 300% and 4,500% because duration. The wider infrastructure and energy indexes have simply over doubled in worth.

Citi experts said they expect stocks exposed to the infrastructure and logistics sector, including Adani Ports, to do well in the medium term.

To name a few Adani group companies, there were 5% to 9% gains in Adani Energy Solutions, Adani Total Gas and consumer goods company Adani Wilmar, as well as news broadcaster NDTV cement maker ACC.