GQG Partners Inc. gains Rs 189,87,00,00,000 from these multibagger stocks – Check if you hold any?

Despite past declines due to Adani-Hindenburg Case, several Adani Group stocks have delivered impressive multibagger returns over periods of one, three, and ten years.

Indian stock markets on Tuesday (December 05, 2023), with the BSE Sensex Index up 0.63 per cent to close at 69,296.14 and the NSE Nifty-50 Index up 0.81 at 20,855.10. About 1,787 shares have advanced, 1,969 have declined and 119 were unchanged on BSE.

On the broader market, indices were trading high with the BSE Mid-Cap Index up by 0.14 per cent and the BSE Small-Cap Index up by 0.12 per cent.

Adani Group stocks were among the Top Gainers on the day. Adani Enterprises, the flagship company of the group, rose by 17.03 to close at Rs 2,960.10 on the BSE. Adani Power, another group company, gained 15.91 per cent to close at Rs 538.5. Adani Green Energy, the group's renewable energy arm, hit a 20 per cent upper circuit to close at Rs 1,348. A

The Adani Group's stocks have been rising recently because accusations against the group by Hindenburg Research were not relevant. The report also said that the US government approved an extension of up to USD 553 million for Adani's container terminal project in Sri Lanka. The Adani Group is also planning to spend Rs 7 lakh crore as capital expenditure over the next decade and is focusing on growing its infrastructure businesses.

Now let's make our focus to GQG Partners Inc. operates as an independent asset management firm. The company offers investment advisory, portfolio management, financial planning, and security trading services. GQG Partners serves customers worldwide.

GQG Partners, an investment management firm, has had a mixed relationship with India. In March, the firm's chief executive, Rajiv Jain, committed nearly USD 2 billion to the Adani Group, one of India's largest conglomerates. However, earlier this year, GQG's emerging market fund sold off a significant number of Indian stocks, reducing its total India exposure from 34 per cent to 24-25 per cent. Despite past declines due to Adani-Hindenburg Case, several Adani Group stocks have delivered impressive multibagger returns over periods of one, three, and ten years.

This suggests that the firm is cautious about investing in India, despite its recent commitment to the Adani Group. GOG's investment in Adani Group stocks increased from USD 4 billion to USD 6 billion. 

Following is the list of Adani Group stocks owned by GQG Partners Inc.:

Do you hold any of these stocks in your portfolio? Do let us know in the comments below

Disclaimer: The article is for informational purposes only and not investment advice. 

1 comments on article "GQG Partners Inc. gains Rs 189,87,00,00,000 from these multibagger stocks – Check if you hold any?"

Shuk dev

Very good information by this journals

12/6/2023 5:05 PM

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