Since the time the report of the the Supreme Court panel in the Hindenburg case became public, there has been a tremendous boom in the shares of Adani Group. For the first time after the Hindenburg report released on January 24, the shares of group companies have seen such a big jump and after the allegations made in this report, the market cap of group companies has crossed Rs 10 lakh crore mark for the first time.
Meanwhile, according to a report, US-based investment firm GQG Partners had invested a total of Rs 15,446 crore in March in four Adani group companies Adani Enterprises, Adani Ports, Adani Transmission and Adani Green. By the time trading closed on Monday, May 22, the value of GQG’s investments in these companies increased to Rs 23,129 crore. That is, in just 52 trading sessions, GQG Partners has made a profit of Rs 7,683 crore or about 50%. GQG Partners has invested about 70% of its total investment in Adani Enterprises and Adani Ports, while Adani Green Energy has Rs 2,806 crore and has invested Rs 1,898 crore in Adani Transmission.
Adani Enterprises’s stock rallied up to 13.5 per cent on Tuesday, May 23 and was the top Nifty gainer. Adani Wilmar saw a jump of up to 10 per cent in early trade on Tuesday. At the same time, Adani Ports, Adani Green, Adani Power, Adani Transmission and Adani Total Gas are trading with 5% gains.
What should investors do?
Stock market expert Santosh Singh says that in terms of valuation, the shares of Adani Port, Ambuja Cement and Adani Wilmar companies of the group are looking attractive. Investments can be made in the shares of these companies. The rise in the shares of other companies of the group is not according to the valuation. If you are making profit then you can sell slowly.
Arun Mantri, founder of Mantri Finmart, says that he only has buying advice in Adani Port and Ambuja Cement. Can book profits in the shares of the rest of the group companies.