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From the American short seller company Hindenburg (Hindenburg Adani Report) to the main opposition leader Rahul Gandhi, there may be many disturbances in the Adani group, but still many such big investors have a lot of faith in Adani’s companies. Rajiv Jain (NRI Investor Rajiv Jain) of GQG Partners, a company that recently invested big money in the shares of Adani Group, is one of these investors. Jain is confident that Adani Group shares are going to prove to be multibaggers and can give more than 100 per cent returns.
For these reasons Jain trusts Adani
Rajeev Jain expressed this confidence during an interview given to Bloomberg. He said that the shares of Adani Group can prove to be multibagger in the next five years. On the basis of this belief, he has recently invested about $ 2 billion in the shares of Adani Group. Jain said that the value of Adani’s shares is in its assets. India needs businessmen like Adani to improve its infrastructure and attract manufacturers from China. Many of the Adani Group’s projects are critical to India’s development goals and are linked to various sectors of the economy.
GQG has a lot of faith in Adani
Let us tell you that GQG Partners has recently acquired 04 shares of Adani Group Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy and Adani Transmission. Transmission) Rs 15,446 crore was invested. This is one of the biggest investments in Adani Group shares so far. Jain had also said earlier in an interview that his company could increase investment in Adani’s shares.
Adani had a huge loss
The Adani group has faced a lot of difficulties after the Hindenburg report came out on 24 January. The group has been facing continuous allegations since then. Within a month after the Hindenburg report came out, Adani group companies had lost more than $ 150 billion in market capitalization. Due to this, Gautam Adani was also dropped out of the top 30 in the list of richest people, while at one time he was included in Asia’s richest and three richest people in the world including India.
Comment on Hindenburg Report
However, even after this, Rajiv Jain has a lot of faith in Adani’s shares. Jain invested $2 billion in Adani’s companies when everyone was running away from Adani’s shares. Jain had said about this that due to the controversial report, his company got an opportunity to make a good investment cheaply, which was waiting for a long time. In the latest interview, Jain termed Hindenburg’s report as a 10-year-old newspaper.
worst week in 2 months
This interview of Jain came to the fore after the closure of the Indian market. Today was not a good day for Adani Group Stocks, while this week also proved to be very bad. After the Hindenburg report came out in late January, there was a continuous decline in the shares of Adani Group for about a month. However, from the last week of February, the shares of Adani Group were back on the path of recovery. After that, this is the first time that Adani Group shares have suffered losses in most of the sessions during a week. This means that this week has proved to be the worst for the Adani group after almost two months.
read this also: Adani Enterprises declined by more than 2%, almost all the shares of the group were shattered
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