Stocks part of Adani Group have lost a combined $10 billion in market value this week, weighed down by MSCI Inc.’s move to exclude two entities from its India gauge and concerns over potential dilution from a fundraising plan. Adani Total Gas Ltd. and Adani Transmission Ltd. — the two stocks to be dropped from … Read more
NEW DELHI: The Adani-Hindenburg saga has left non-resident Indians (NRIs) worried over the state of their investments in Indian markets. A survey by SBNRI, an NRI-focused fintech platform, shows that they are looking for alternative investment options post the crisis in Adani group companies. The report suggests about 9.7% of Australia-based NRIs lead the investments … Read more
US-based boutique investment firm GQG Partners, which has recently invested in battered Adani group companies, raised its stake in FMCG major ITC during the March quarter. GQG Partners, run by NRI investor Rajiv Jain, has increased its holding from 1.29% in the December quarter to 1.44% at the end of March quarter. GQG Partners Emerging … Read more
NEW DELHI: The world over investors have been dumping bank stocks in the wake of the banking turmoil in the US and Europe but foreign institutional investors (FIIs) are singing a different tune when it comes to India. Market data shows that FIIs ended up buying financial stocks worth about Rs 2,800 crore in the … Read more
dani Transmission and Adani Total Gas have been moved to the stage-II of long-term additional surveillance framework by the National Stock Exchange from stage-I. The move will be effective from Monday, read a circular of the exchange. Earlier this week, the exchange had moved Adani Green Energy and New Delhi Television to the stage-II surveillance … Read more
NEW DELHI: Star NRI investor Rajiv Jain-owned GQG Partners’ Rs 15,446 crore bold bet on troubled Adani stocks has yielded him a smart return of 20% or over Rs 3,100 crore in a span of just two days. The market value of Jain’s investment in 4 Adani stocks – Adani Enterprises, Adani Ports and Special … Read more
In addition to these scores, the report also contains trend analysis, peer analysis and mean analysts’ recommendations to help an investor make better & informed investment decisions. Synopsis In the last month of high volatility and repeated attacks by bears, while the nifty has corrected, there are still some pockets where stocks have seen an … Read more
The asset management unit of JPMorgan Chase & Co. has wiped its ESG portfolios clean of their exposure to the Adani empire. The move, captured by an analysis of data compiled by Bloomberg, comes as a number of major investment firms such as BlackRock Inc. and the fund management unit of Deutsche Bank AG, DWS … Read more
The only way to play Adani group stocks right now is to do a long strangle in them for next month expiries. These stocks are too volatile and will move more on news flow rather than valuation drivers and technical parameters,” said Rahul Ghose, Founder & CEO – Hedged. Edited excerpts from an interview:Nifty lost … Read more
Most Adani Group dollar bonds have climbed further out of distressed territory after the conglomerate said it will address upcoming maturities, the latest boost to investor sentiment following an initial rout sparked by a US short-seller report. Among the gainers were Adani Electricity Mumbai Ltd.’s dollar 2031 notes, rose 0.7 cent to 72 cents as … Read more