Mark Mobius: Adani had 'big problems' that put me off, but India still looks appealing
Publishing timestamp: 2023-02-07 07:44:02
Summary
Investor Mark Mobius believes that the fraud accusations against Indian conglomerate Adani should be viewed in isolation and could alert people to the size and opportunities in the Indian market. He does not think the scandal will have a significant impact on other Indian stocks, but believes that the publicity could be beneficial. He also believes that the allegations will raise questions and lead to an examination of other companies, which could improve corporate governance.
Sentiment: MIXED
Tickers: ADANITRANS-IN, ADANIGREEN-IN, .NSEI, ADANIENT-IN, ADANIPOWER-IN, QUOTES, UTISXN50-IN,
Keywords: asia economy, uti s&p bse sensex next 50 exchange traded fund, cnx nifty index, adani total gas ltd, business news,
Source: https://www.cnbc.com/2023/02/07/mark-mobius-says-big-problems-at-adani-put-him-off-share-sale-.html