Why Rajiv Jain Invested In Adani Group Of Companies? | Exclusive Interview | ET NOW | Nikunj Dalmia
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- čas přidán 9. 07. 2024
- Rajiv Jain of GQG Partners in an exclusive interview with ET Now says cheap valuations, mid-teens growth expectation, earnings predictability, less risk, and no meaningful substance in the short seller reports led him to buy a stake in four out of the 10 listed Adani Group companies.
GQG Partners which manages more than $92 billion in client assets globally, invested close to Rs 15,400 crore in four Adani Group companies - Adani Enterprises, Adani Ports, Adani Transmission, and Adani Green Energy. This happened at a time, when the sentiments were quite negative, owing to the Hindenburg Research Report.
The Hindenburg Research Report which was released on January 24, led to havoc in the share prices of Adani Group stocks, with all of them falling on average around 70% from their 52-week highs. Rajiv seems to have used this crisis as an opportunity to buy a sizeable stake in the companies. He said that the short-seller report was strongly worded, but lacked meaningful substance.
To be sure, the share prices of Adani Group companies were multi-baggers, before the Hindenburg report, and valuations were expensive. The earlier run-up in share prices, according to Jain, was owing to a big influx of ESG money. However, he did mention that the classic price-to-earnings valuations metric is not the correct yardstick to value Adani stocks.
Talking more about the individual companies, Rajiv Jain - the Chairman and Chief Investment Officer of GQG Partners - says that getting the Mumbai Airport was a game changer for Adani Enterprises, while for Adani Ports - the foray into hinterland will make it formidable. Jain who also serves as the portfolio manager for all GQG Partners strategies believes that the long-term earnings trajectory of Adani Group companies is predictable. He expects the group to grow at a ‘mid-teens’ rate. He also mentioned that negative cash flows of the group mean that they are investing the funds in the business which will lead to higher growth going ahead.
The two key risks that he sees in Adani Group are slower growth and regulatory issues. The biggest risk in regulated businesses is regulation, he added. Watch this exclusive interview with Nikunj Dalmia! #rajivjain #etnow #etnow #exclusiveinterview #nikunjdalmia #businessnews
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Rajeev Jain is man of great integrity in Financial world he is genius stock picker some of his companies holding in Indian market include good quality companies like ITC,Cipla,HDFC AMC
Good interview. Sounds logical & practical. Kudos team!
This guy knows everything. Wonderful person to interview. hope to see him in all channels often. very insightful
Good interview. Rajiv jain is very knowledgeable and he will make good profit to the investors.
He could be a Chinese frontman to whom the Adani family Shell companies have sold
@@pardeeptandon He could have western and gulf investors. What's the point?
@@AO-xd2ml': The point is only china invests for reasons other than making a quick buck.
LONG TERM INVESTORS 🇮🇳🇮🇳🇮🇳🇮🇳🙏🙏🙏🙏
Mr.Jain seems to be a very astute investor
Source of his funds?
@@pardeeptandon He is a fund manager. He invests money on behalf of his clients.
@@venstomon931: Exactly my point. Should a proper KYC not be done to determine if it is a Chinese or Pakistani fund buying our infrastructure and defence factories? And why is the Adani family Shell company selling to the enemy?
GQG could have bought from secondary market instead of buying from Adani Trust ..if they were so keen to buy these stocks
You don’t seem to understand it very well but GQG bought it from secondary market only.
@@BhartiyNiveshak It was bought in block deals through the market mechanism ..not from public shareholders ..
@@AmarNath-kw8wc may be you should educate yourself first then.
Block deal and bulk deal also are classified as secondary market transactions.
Now coming to why not public shareholders because public doesn’t have that many shares. So again go and read and don’t let your politics make a fool of you.
Market knows everything. Hope trapped retail investors would get an opportunity to exit before another round of havoc.
Charlie munger "if a company earns 6% return on capital over the long term and you hold it for the long term then return on stock should be around 6 % "
😃Fund managers tell retail investors to hold for long term... what they really mean is "Hold... keep holding... do not sell till we dump all our stock. After that, do whaterver the f*k you want while we vacation in Hawaii"
If you adjusts the balance sheet and use adjusted earnings, you will find that they are actually earning over 13% ROIC.
Nice Interview!
Nice interaction !!
Its very baffling how Rajiv Jain completely ignores the ongoing supreme court investigation on the group when asked about the perceivable risks on Adani group at the very end of the interview. How can you ignore the elephant in the room.
Nikunj tried his best to get something negative about Adani group but failed miserably...Then he came after PSU tag(SBI) to get something negative, and yet again bit the dust....Wake up Nikunj...Wake up
What about return on capital for adani
Please bring Rajiv Jain more often , worth listening to him
Let this government continue else momentum will b pushed back 20 yrs
It's trivial without bothering nuances of a company investing that much money or both firms got the money in similar route...
Rajiv jain most telented person
Indian business channels have finally found the new star fund manager to bring often to Indian investors.
Mud on face of hindenbourg and soros. Indian corporate structure won
Dimag lagao thoda . Just think why no mutual fund is investing in adani companies
@@mpads jain the smartest investor in world did invested. Wat Else u want
Won By selling off Indian infrastructure and defence companies to Chinese front companies like GQG?
Keep all your assets in adani group..than you will be a rich beggar..
@@anubhavmalik2988: Check if he is a front for the Chinese, as his company manages the wealth of others. It could be Chinese
WHY DOES RAJIV SAY THERE IS NO MAINTAINENCE APEX?.WHAT DOES HE MEAN.MAINTAINENCE OF ASSETS CAN ALSO INCREASE BUT I SEE HIS POINT GROWTH POTENTIAL IS GREAT IF THERE IS NO RECESSION.
'Demonetization - was obviously a huge mistake' - according to this fellow! 🤣
Economically yes. It was bad. But the purpose of demonetization was not economy but fake currencies.
@@bulthaosen1169 Yes... Today we do not have any fake currency! 🤔
@@TMSVirdi pretty low ,when was the last time you saw a fake currency? it was pretty common on old notes
No listen carefully. He said missed opportunity to invest after demonetisation when stocks fell
@@kartikyadav4068 haha...
why is 2000 note not being printed... ? Just search fake currency news and you will see 1000s of news of recent past ... Anyways... 🤫
Rajiv and alikes are many who will get retailers trapped forever.. Just a matter of time
Adani group jindabad
My salute to Rajiv Jain
Kindly improve your audio
It seems that Adani has offered properties to Rajiv jain for investment in adani stock as bribe. Otherwise who would invest that much in a where books and numbers are cooked and you cannot rely on that.
Yes some scam is going on
Within 3 days he made good profit. I think it is wrong to doubt his integrity.
@@RavinderSingh-tk2pb hi
YOU'RE 100% NONSENSE
With due respect to your knowledge, Among the listed Adani Entities which year book, which Income statement reporting you found cooked. I am hoping you are not going by Hindenburg report only as your justification for statement you made.
Is GQG acting as a vehicle for Chinese investment in Indian infrastructure and defence industries? It does not have any funds of its own and could be acting as a front. Rajive Jain should tell us the source of GQG funds.
Gormint, kare toh kare kya…..margin call disguised as investment
Invested or short sell 😁😁😁
Modi me bola kya
Nikunj ke accent ko kya hua
On a lighter note: Maybe Nikunj was pulled out of bed very early on a Sunday morning for this interview 😃
ITs adanisbrothers money routed through GQC partners. Public ko ullu banathe hain log
Looks same to me
Yes. Not only Adani brothers , the sangParivar fund is invested in Adani stocks and the money that make in the market is used to topple elected governments, buy MPs and MLAs and consequently killing India's democracy
Hopeless comment
YOU'RE 100% NONSENSE
So Adani has money
Whose funds are being used by GQG for the Block sales?
Is it Adani brothers money?
I believe that this is not genuine investment as otherwise they would have atleast waited for the SEBI and SC committe reports.
Hopeless comment
I hope we get an answer to this. We should not forget how ADANI was able to sustain absurdly high levels of PE ratios.
So you think that the group who is making this huge investment will not have their own analysts. SEBI analysis is only for retail investors and politicians.
@@rajendrajasathy4356 true
Wait for the price to go up? Adani stock is going to skyrocket.
Nothing but political drama...
An assurance from Narendra Damodar Das Modi..... Adani stock is controlled by SangParivar, nothing else ...
Adani is the sole and exclusive funder for sangParivar agenda in India..... So it is Modi who takes care of Adani companies
YOU'RE 100% NONSENSE
So true after all Muslims are bound to hate Modi which you proved again, if you have so much conviction file a PIL In court and see what outcome you get, I am 100% sure even after that you would be that even Judiciary is sold like your Hyderabadi Barrister who cries on every verdict of Supreme court.
Pls go to Pakistan katue
Probably another scamster
YOU'RE 100% NONSENSE
Lol check his profile he has partnership with Goldman