Quant fund rebuffs debt worries to bet big on Adani stocks
The surge in Adani Group shares propelled Gautam Adani to become the world’s third-richest person even as some investors balked at the debt-fueled expansion of his ports-to-power conglomerate, and lack of wider coverage by research analysts. Adani Enterprises is set to join India’s NSE Nifty 50 Index on Friday.
