The universe comprises several solar systems- big and small. Similarly, the market comprises of several conglomerates- big and small. One such conglomerate that we’d like to look at today is the Adani Group.
It is fit to call the Adani Group a solar system since there have been times in the past when these stocks have rallied despite a broader market correction. So where are these stocks headed and what is our view of the constituents of this group going forward?
Let’s take a look at the charts.
We created an equally weighted custom index of the Adani Group constituents. It takes one cursory glance at this chart to see that this group has been on a tear since the dip in March 2020. With only minor corrections halting these stocks from time to time, the returns generated by this group have been handsome indeed.
Click on chart to enlarge view.
When we compare the returns of this group against the stock universe that we track, we see a similar outperformance.
Now let’s take a look at individual stocks and where they stand at present.
To access our team’s Technical Analysis, you must be a premium member of All Star Charts India. Please login below or start your risk-free 30 day trial today.
Lost Password?