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This fund scored a big win with its bet on Adani. Now, it could be pressing pause - TL;DR CNBC

This fund scored a big win with its bet on Adani. Now, it could be pressing pause

Publishing timestamp: 2024-01-18 04:14:32


Summary

The article discusses how GQG Partners, one of the biggest investors in Adani Enterprises, may be done doubling down on their investment after making significant profits. It mentions the decline in Adani shares and the allegations of manipulation and high debt. The article also mentions GQG Partners' positive outlook on India's tech sector, as well as the health-care and cement industries.


Sentiment: MIXED

Tickers: ADANIENT-IN

Keywords: stock marketscurrency marketsdebt and bond marketsasia economybusiness newsindiaforex marketsasia newseast asiasouth asia

Source: https://www.cnbc.com/2024/01/18/gqg-scored-a-big-win-with-its-adani-bet-but-could-now-press-pause.html


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