Photographs: Courtesy, Ebay BS Bureau
A sharp rally in the market has coincided with the projection of Narendra Modi as the BJP's prime ministerial candidate.
Since September 13, 2013, when the Gujarat chief minister was announced as the party's choice for the country's top job, the Indian markets have rallied over 14 per cent, with Sensex companies adding Rs 4.7 lakh crore in value.
Market capitalisation of the Adani group, which has most of its investments in Gujarat, has nearly doubled in the period.
Here's a snapshot of how various industrial groups have fared during the said period.
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Courtesy, Adani Enterprise BS
Adani group
Current market cap: Rs 1,08,031 crore
Change since Sep 2013: Rs 53,998 crore
Change (%): 99.9
(Data compiled by BS Research Bureau, Source: Capitaline)
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Hitesh Harisinghani/Rediff.com
JSW group
Current market cap: Rs 37,305 crore
Change since Sep 2013: Rs 14,519 crore
Change (%):63.7
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Sahil Salvi
Jaypee Group
Current market cap: Rs 16,463 crore
Change since Sep 2013: Rs 5,083 crore
Change (%):44.7
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Sahil Salvi
Hinduja
Current market cap: Rs 35,030 crore
Change since Sep 2013: Rs 9,254 crore
Change (%): 35.9
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Courtesy, Mahindra & Mahindra
Mahindra & Mahindra
Current market cap: Rs 1,22,763 crore
Change since Sep 2013: Rs 21,930 crore
Change (%): 21.8
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Vivek Prakash/Reuters
Tata group
Current market cap: Rs 7,00,815 crore
Change since Sep 2013: Rs 99,126 crore
Change (%):16.5
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Courtesy, Bajaj Auto
Bajaj
Current market cap: Rs 95,578 crore
Change since Sep 2013: Rs 11,139 crore
Change (%):13.2
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Bazuki Muhammad/Reuters
Aditya Birla group
Current market cap: Rs 1,80,353 crore
Change since Sep 2013: Rs 20,343 crore
Change (%): 12.7
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Reuters
Mukesh Ambani group
Current market cap: Rs 3,13,786 crore
Change since Sep 2013: Rs 31,192 crore
Change (%):11
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Courtesy, Vedanta
Vedanta
Current market cap: Rs 1,84,235 crore
Change since Sep 2013: Rs 14,497 crore
Change (%): 8.5
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Courtesy, Essar
Essar group
Current market cap: Rs 13,060 crore
Change since Sep 2013: Rs 946 crore
Change (%): 7.8
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Danish Siddiqui/Reuters
Godrej
Current market cap: Rs 45,125 crore
Change since Sep 2013: Rs 2,892 crore
Change (%):6.9
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Modi magic: Market cap of these 13 companies have zoomed
Photographs: Danish Siddiqui/Reuters
Anil Ambani group
Current market cap: Rs 71,685 crore
Change since Sep 2013: Rs 2,580 crore
Change (%): 3.7
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