Adani stocks get fresh boost as GQG ups wager, post gains third day on trot

Adani group stocks posted sharp gains for a third day in a row, with two companies coming close to erasing all the losses seen after US-based short seller Hindenburg Research’s report on January 24.

The latest short in the arm to the port-to-power conglomerate came from a report that US-based GQG Partners has hiked its exposure and willingness to back any of the Adani group’s “new offerings”.

In an interview with Bloomberg, GQG’s Chief Investment Officer Rajiv Jain said, “Within five years, we would like to be one of the largest investors in Adani Group, and we would certainly want to be partners in any of Adani Group’s new offerings.”