GQG Partners downplayed the impact of the $265 million US bribery scandal on Adani Group, stating their investment thesis remains unchanged. With a $9.7 billion exposure, representing 6.1% of their assets, GQG expressed confidence in the soundness of Adani companies’ fundamentals and their manageable exposure despite market volatility.
Posts tagged All News
Stock market update: Nifty IT index 0.66% (25-11-2024)
The Nifty IT index closed 0.66 per cent at 43618.15.
MFIN tightens lending criteria to tackle asset stress (25-11-2024)
The Microfinance Institutions Network (MFIN) is tightening lending norms for its members to address rising bad loans. These changes include stricter limits on lending to overdue borrowers, reducing the number of lenders per borrower, and capping total indebtedness, including unsecured retail loans. These measures aim to improve the sector’s resilience and financial inclusion efforts, taking effect January 2025.
Enviro Infra Engineers IPO subscribed 12.51 times (25-11-2024)
The offer received bids for 38.52 crore shares as against 3.07 crore shares on offer.
Sensex rises! These stocks gained over 10% on BSE (25-11-2024)
In the Nifty 50 index, 41 stocks ended in the green, while 9 stocks closed in the red in today’s trade.
INR recovers lost ground supported by firm trend in local equities (25-11-2024)
The Indian rupee appreciated 10 paise to close at 84.31 (provisional) against US dollar on Monday, supported by a firm trend in domestic equities amid improved investor risk appetite. Domestic shares ended Monday’s session sharply higher after BJP-led alliance scored significant victory in the Maharashtra state assembly elections, raising expectations for increased government spending to boost domestic demand. Positive cues from global markets also boosted sentiment after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department. The benchmark S&P/BSE Sensex ended the session up 992.74 points, or 1.25 percent, at 80,109.85 while the broader NSE Nifty index settled at 24,221.90, up 314.65 points, or 1.32 percent, from its previous close. At the interbank foreign exchange, the rupee opened at 84.38 and touched an intra-day high of 84.25 against the greenback. The unit ended the session at 84.31
Sensex rises! But these stocks fell 5% or more in Monday’s session (25-11-2024)
In the Nifty pack, 41 stocks closed in the green, while 9 stocks ended in the red.
ITC: “Will”(s) “Gold Flake” assist “Ashirwad” to win “Bingo!”? (25-11-2024)
It’s a luxurious presentation. Being a part owner (shareholder) of such luxurious destination properties, is only a feel good factor.
For financial feel good factor – post listing performance needs to be considered.
With capital structure of approx. 210 Crore shares in ITC Hotels (once listed) … considering the current operational & financial performance, and ongoing optimism in Hotel Industry – what could be the potential market cap of listed ITC hotels.
Any Thoughts from fellow shareholders.
Disc: Invested.