Adani shares rally for fifth day on fund infusion by US firm
Adani shares continued to rebound for the fifth straight session on Monday amid a vote of confidence in the GQG Partners by a US-based Indian American Rajiv Jain who has purchased shares in the four group companies worth Rs 15,446 crore.
The shares which had been on an uptrend last week, went up on Monday as well due to Jain’s earthy logic that the Adani Group over 30 years has built assets on the ground and that a company which has been in business for 30 years cannot be a fraud.
The flagship, Adani Enterprises, rose 5.51% to close at Rs 1,982.85. US firm GQG Partners has bought shares in Adani Enterprises, Adani Ports, Adani Transmission and Adani Green.
