Rajiv Jain, the GQG Partners Inc. chief investment officer who bought almost $2 billion worth of Adani Group stock last month, sees the bet on the Indian conglomerate delivering a return in excess of 100%.
Jain pointed to Adani’s coal mining assets, his data centers and his majority stake in Mumbai’s busy international airport as signs of a healthy business
According to V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, the sustained selling by Foreign Portfolio Investors (FPIs) appears to be over, since they have turned buyers in the last few days.