The valuation of GQG’s Adani investment has vaulted to $7 billion, validation for Jain who cut against the grain when he bought shares worth $1.9 billion in March in the shortseller-stung conglomerate and then topped up some. But he and his fund managers have also bought several less flashy stocks in India that have surged over 50% this year, beating the 15% rise in the benchmark S&P BSE Sensex.
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