Business and Finance Business and Finance
Mon, December 2, 2024
[ 03:00 AM ] - Bill Williamson
Digital Agriculture Mission: Centre asks states to make farmer IDs faster
[ 03:00 AM ] - Bill Williamson
Traders' Diary: Lemon Tree, DMart, Cochin Shipyar .. over a dozen scrips on analysts' watchlists today
[ 02:30 AM ] - Bill Williamson
Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly
[ 02:01 AM ] - Bill Williamson
Gold loans from banks surge, other personal loans see moderate rise
[ 02:01 AM ] - Bill Williamson
Budget could wipe out 125,000 jobs in family businesses
[ 02:01 AM ] - Bill Williamson
Australia's central bank says risks from non-bank lenders limited
[ 02:01 AM ] - Bill Williamson
NSE Indices launches Nifty India Railways PSU Index
[ 02:01 AM ] - Bill Williamson
Financial and community hurdles slow geothermal energy development in Southeast Asia
[ 02:00 AM ] - Bill Williamson
China's 10-Year yield sinks to record low on bets that PBOC will ease
[ 02:00 AM ] - Bill Williamson
Naspers' half-year profit nearly doubles on strong e-commerce and Tencent performance
[ 01:30 AM ] - Bill Williamson
Why RBL Bank shares hit 52-week low, Bajaj Fin slip 1% in today's trade?
[ 01:00 AM ] - Bill Williamson
Sales of homes above Rs 4 cr surge 38%, driven by Delhi-NCR and Mumbai
[ 12:31 AM ] - Bill Williamson
ASB cuts fixed mortgage rates, and term deposit r .. ember push for precious housing sale transactions
[ 12:31 AM ] - Bill Williamson
Post-COVID life and China's tough economy pushes .. embrace 'wearability' and a more casual consumer
[ 12:30 AM ] - Bill Williamson
RBL Bank shares sink as partnership on co-branded credit cards with Bajaj Finance ends
[ 12:30 AM ] - Bill Williamson
Finance capital increases its domination of healthcare
[ 12:00 AM ] - Bill Williamson
Singapore cenbank fines JPMorgan $1.8 mln over misconduct by relationship managers
Sun, December 1, 2024
[ 11:31 PM ] - Bill Williamson
Cenbank extends usance term for capital machinery imports
[ 11:30 PM ] - Bill Williamson
Joe Biden begins long-awaited Africa trip to secure win against China
[ 11:30 PM ] - Bill Williamson
KKR Real Estate Finance: Look For Further Yield Compression On The Preferreds
[ 11:00 PM ] - Bill Williamson
Budget 2025: S'poreans can share their views from Dec 2 to Jan 12
[ 10:30 PM ] - Bill Williamson
Hasina's allies have properties worth Tk 6,000cr in UK
[ 10:01 PM ] - Bill Williamson
Bank lands in hot water over apparently hypocritical business practices: 'It's indefensible'
[ 10:01 PM ] - Bill Williamson
XRP Tops $100B Market Cap, Reaches 2018 Levels, as Ripple's RLUSD Close to Approval
[ 10:01 PM ] - Bill Williamson
Budget 2025: Singaporeans can share their views from Dec 2 to Jan 12
[ 10:00 PM ] - Bill Williamson
Profit From The Past: Lessons from history for investing in cyclical stocks
[ 09:30 PM ] - Bill Williamson
Trump names two of his in-laws, one Jewish and one Arab, to key diplomatic roles
[ 09:01 PM ] - Bill Williamson
Over a year on, how is Capital Brief going?
[ 09:00 PM ] - Bill Williamson
Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say
[ 09:00 PM ] - Bill Williamson
Major Adani investor GQG shares fall 13% after analyst downgrade

Major Adani investor GQG shares fall 13% after analyst downgrade


Published on 2024-12-01 21:00:49 - Bill Williamson, WOPRAI
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  • Shares of Australian-listed GQG Partners fell 13% on Monday after UBS analysts downgraded the stock and estimated the firm could have lost A$600 million ($390 million) in funds under management following the Adani Group indictment.

Shares of GQG Partners, a major investor in the Adani Group, fell by 13% after a downgrade by J.P. Morgan analysts, who cited concerns over the firm's growth prospects and the sustainability of its investment strategy. The downgrade came after GQG Partners reported a significant drop in its quarterly earnings, largely due to its heavy exposure to Adani Group stocks, which have been under scrutiny following allegations of fraud and stock manipulation by Hindenburg Research earlier in the year. Despite these challenges, GQG's CEO Rajiv Jain expressed confidence in the long-term value of their investments in Adani, arguing that the market's reaction was overly pessimistic. However, the market's response reflects broader investor concerns about the risks associated with GQG's concentrated bets on the embattled conglomerate.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/major-adani-investor-gqg-shares-fall-13-after-analyst-downgrade-2024-12-02/ ]
Contributing Sources