Adani Total Gas, Stove Kraft among 30 stocks that surged up to 20% despite Rs 6 lakh crore wealth wipeout
Analysis of this story by et_markets · 11 Mar 2026, 4:45 PM IST (about 2 months ago)
AI Analysis
The broader market is experiencing a downturn, but specific government initiatives are creating strong tailwinds for select infrastructure and utility sectors. This highlights a divergence between general market sentiment and sector-specific drivers.
Trading Insight
Look for long opportunities in companies with direct exposure to government-backed infrastructure projects (e.g., Jal Jeevan Mission) and sectors receiving policy support (e.g., gas distribution), with a focus on strong order books and execution capabilities.
Quick check: ATGL bullish bias (+18.6% 1d), JINDALSAW bullish bias (+18.5% 1d).
Key Evidence
- •Adani Total Gas hit the upper circuit due to policy support.
- •Jindal SAW surged following the extension of the Jal Jeevan Mission.
- •Several allied companies also benefited from the Jal Jeevan Mission extension.
- •These gains occurred despite a broader market downturn and a Rs 6 lakh crore wealth wipeout.
- •BSE Sensex and Nifty50 fell on the same day.
Affected Stocks
Sources and updates
Original source: et_markets
Published: 11 Mar 2026, 4:45 PM IST
Last updated on Anadi News: 11 Mar 2026, 5:22 PM IST
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