Adani shares surge after $1.87 billion GQG investment; more road shows lined up

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It's the first major investment in the Adani conglomerate since a short-seller's critical report resulted in seven of its listed firms losing more than $130 billion in market value.

On Friday, shares of flagship Adani Enterprises rose as much as 14.4%, while Adani Ports surged 9.7%. Adani Green Energy and Adani Transmission jumped 5% each.

"Based on past comments of Rajiv Jain, he is the type of investor that goes for wherever there is unrealised value," said Morningstar analyst Shaun Ler, who covers GQG Partners. "There will be people who avoid buying GQG due to Rajiv's decisions; there will also be those who want to invest with them given their good performance."Jain is founder, chairman and chief investment officer at GQG. He also serves as portfolio manager for all of its strategies, according to his profile on GQG's website.

 

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Indian style mustache 😁👍🏽

Yanks ruin one of the richest companies in the world, then other Yanks investe and all of a sudden everything is fine 🙂

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India's Adani group gets $1.87 bln investment from U.S. boutique firm GQGU.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. Getting back lost sheen ….
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India's Adani group gets $1.87 bln investment from U.S. firm GQGU.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. USA and hindensburg should investigate this,as this may be another disguise from adani. You never know he might be fooling people again😉😜. Rajiv Jain is a Modi supporter. Did he get instructions to bail out Adani? Adani on fire 😍🔥🔥🔥.
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GQG Partners sees shares fall as much as 3% after Adani investmentGQG Partners Inc's Australian-listed shares fell by as much as 3% on Friday after the international investment firm pumped $1.87 billion into four companies under embattled Indian conglomerate Adani Group. Where my Ponzi bears at Brasilianske Fjert Porno , Hilsen Odin & Tor.
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Adani Group firms jump after GQG Partners' $1.88 bln investmentShares of four Adani group companies rose between 5% and 10% on Friday, a day after U.S. boutique investment firm GQG Partners Inc picked up shares worth 154.46 billion rupees ($1.88 billion) in the conglomerate. Is it Fake report? Is it investment? or, Purchasing stocks? GQG is owned by a Modi supporter. What are the chances of this bailout being linked? It will jump now but than few days later collapse again. The fundamentals of the business are flawed but the Hindu nationalism support is high. Any sudden international financial crisis could make the business collapse
Fonte: Reuters - 🏆 2. / 97 Leggi di più »