In other news, a couple of things happened over the weekend
1. Modi's party won an election in the national capital after 27 years. Rumours are rife that this will put Adani back on the bull's radar as Brand Modi has proved it is still the brand it was a year ago.
https://www.livemint.com/market/stock-market-news/bull-vs-bear-why-gautam-adanis-company-shares-will-be-in-focus-on-monday-11739096094445.html
2. There were media speculations that Adani's son's marraige was going to be bigger and was tipped to spend over US$1 billion on the wedding. The media reports now suggest that the wedding took place in a very private cermony with a very humble spending. Adani has instead chose to donate the US$1.15b for social causes. This should help rebuild some of the image that was tarnished by Hindenburg's report
https://www.business-standard.com/companies/news/adani-donates-rs-10-000-crore-from-personal-wealth-for-social-projects-125020701818_1.html
I guess next few weeks are going to be interesting.. a positive boost to Adani shares can add on to the already great performance of the GQG portfolio.
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Last
$2.12 |
Change
-0.030(1.40%) |
Mkt cap ! $6.265B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.16 | $2.07 | $8.154M | 3.867M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 120183 | $2.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 6228 | 3 |
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| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| GQG (ASX) Chart |