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After being a victim of continuous decline for almost a month, Adani Group Stocks Rebound has started returning brightly. Along with this, the wealth of investors showing confidence in the shares of Adani Group has also started increasing. At least for an NRI investor who recently invested in the Adani group, this thing has proved to be true, who has earned more than Rs 3000 crore in just two days.
20% return in just two days
We are talking about star NRI investor Rajiv Jain (NRI Investor Rajiv Jain) who invested huge amount in many shares of Adani Group last week. Rajeev Jain’s company GQG Partners (GQG Partners) invested about Rs 15,000 crore in the shares of Adani Group last week. This investment by GQG Partners breathed life into the shares of Adani Group. The continuously falling stocks ran and managed to give more than 20 per cent returns in just two days.
Earning from these shares of Adani
Rajiv Jain’s company has invested Rs 15,446 crore in Adani Group’s 04 shares Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. Had put Rs. In just two days, the value of his investment increased to Rs 18,548 crore. In this way, Adani’s stocks made Jain a profit of Rs 3,102 crore in two days.
This report gave an opportunity to buy
GQG Partners is an investment firm with a $92 billion fund. It has invested heavily in the shares of Adani Group at a time when their prices were continuously falling for the last one month. On January 24, after the controversial Hindenburg report came out, Adani Group shares fell by up to 80 per cent in about a month. In about a month after the report came, the value of Adani group companies had almost halved to Rs 10.65 lakh crore. Gautam Adani was also harmed by this and he was out of the top-30 in the list of world’s richest people.
Was looking for this opportunity since 5 years
However, GQG Partners believes that the long-term future prospects of Adani group companies are much better. Rajeev Jain believes that he got an opportunity to buy a great asset at a bargain price. He told that his team was keeping an eye on the shares of Adani Group for almost 5 years and was looking for the right opportunity to buy. They got this great opportunity due to falling value now.
Only one share made such earnings
Jain had bought shares of the Adani Group through a block deal on Thursday. He then bought the shares of Adani Enterprises at a price of Rs 1,410.86. Since then, the stock has gained 33 per cent and Jain has made a profit of Rs 1,813 crore till the close of trading on Friday. Similarly, Jain had invested Rs 596.2 in Adani Ports, Rs 504.6 in Adani Green Energy and Rs 668.4 per share in Adani Transmission.
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