Rajiv Jain, chief investment officer at GQG Partners, has reaffirmed his fund’s commitment to India, holding around $13bn in the country’s stocks, despite broader investor worries about corporate governance and political risk. Jain added that he and his colleagues were looking to buy more, with Indian infrastructural projects presenting new opportunities. He also defended his decisions to invest some $2.5bn into beleaguered conglomerate Adani Group.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing