New Delhi: Shares of Adani Group (Adani Group) have been collapsing for some time due to the Hidenberg report. However, four companies of America’s boutique investment firm GQG Partners have invested 15446 crores in Adani Group, let us say that this is the first company that has invested in Adani Group after the Hidden Berg report. Due to this investment, Adani Group shares have started to fall. The stock of the company has soared due to which the company has gained lakhs of crores.
After Hidenburg’s report, Adani Group’s share holders as well as the market fell sharply. It has been learned that in the last four sessions, the market capitalization of the listed 10 companies of the Adani Group has increased by 1.73 crores. On February 27, the stock rose 57.37 percent to Rs. closed at 1,879.35. On February 27, the share was Rs. was at 1,194.20. It was followed by Adani Ports and Special Economic Zone (up 21.77 per cent), Adani Wilmar (21.53 per cent), Adani Green Energy (21.53 per cent), Adani Power (21.47 per cent) and NDTV (21.47 per cent). Ambuja Cements, ACC, Adani Transmission and Adani Total Gas also rose between 9 percent and 19 percent during the same period.
GQG Partons invested so much in these stocks
GQG Partners in Adani Enterprises about Rs. 5,460 crore with a 3.4 percent stake, Rs. 5,282 crore for 4.1 per cent stake in Adani Ports, Rs. 1,898 crore with 2.5 per cent stake in Adani Transmission and 3.5 per cent stake in Adani Green Energy for Rs. 2,806 crore has been invested.
This stock will double in price!
Meanwhile, Vineet Bolingkar, head of research at Ventura Securities, said that Adani Enterprises is currently at a fair valuation. Given the current business cash flow, this stock can reach Rs.2,000. Adani Ports is a very undervalued company. The price of this stock may double in the next two years.