GulfHindi English Desk: Mutual funds have recently shown interest in some companies of the Adani Group. These companies were previously undervalued but are now attracting investors. According to MF and JKG, companies like Adani Green, Adani Transmission, and Adani Enterprises have seen an increase in shareholding by mutual funds in June. MF purchased 1.8 million shares of Adani Green, valued at over ₹167 crores, which was higher than the 1.4 million shares purchased in May. They also bought 1.5 million shares of Adani Transmission, valued at more than ₹118 crores, in June, which was higher than the 1.3 million shares purchased in May. Adani Enterprises also saw an increase in shareholding with 13.3 million shares (₹3169 crores) in June, higher than the 11.4 million shares (₹2835 crores) in May.
Other mutual funds have also purchased shares of Adani Ports, Ambuja Cements, and ACI, which could be seen as a benchmark against the industry. Adani Group’s other companies, especially those in new-age businesses, cannot be benchmarked according to UAR Bhath’s Alphaniti, so investors had stayed away from them. However, with the increased interest from mutual funds, investors’ sentiment towards these companies has improved.
The share prices of Adani Enterprises have also seen an increase, reaching ₹2423 from ₹1017.45 in 52 weeks. Adani Green and Adani Transmission have also witnessed growth in share prices. With the potential growth in the related businesses, it may be a suitable time for investors to invest in Adani Group’s shares, which could provide good returns.
Important information table:
Company | Valuation of shares purchased in June 2021 (in crores)
Adani Green | ₹167
Adani Transmission | ₹118
Adani Enterprises | ₹3169
This information indicates the changing interest of mutual funds investors towards the companies of the Adani Group. It could be a favorable opportunity for investors to invest and potentially earn profits.
en.gulfhindi.com News Summary
👉Mutual funds have shown interest in some companies of the Adani Group.
👉The valuation of these companies was previously declining, but now investors find them attractive.
👉Mutual funds have increased their stake in companies like Adani Green, Adani Transmission, and Adani Enterprises in June.
👉Adani Green saw the purchase of 18 lakh shares worth over ₹167 crores in June, which is higher than the 14 lakh shares worth ₹136 crores purchased in May.
👉Adani Transmission also saw the purchase of 15 lakh shares in June, which is higher than the 13 lakh shares worth ₹118 crores purchased in May.
👉Adani Enterprises saw the purchase of 133 lakh shares worth ₹3169 crores in June, which is higher than the 114 lakh shares worth ₹2835 crores purchased in May.
👉Other mutual funds have also purchased shares of Adani Ports, Ambuja Cements, and ACI, which can be seen as a benchmark against the industry.
👉Adani Group’s other companies, especially those in new-age businesses, cannot be benchmarked according to UAR Bhath’s AlphaNiti, so investors have stayed away from them.
👉Adani Enterprises’ share price has also seen an increase, reaching ₹2423 from ₹1017.45 in 52 weeks.
👉Adani Green’s share price has also increased to ₹965 from below ₹439 after the Hindenburg report.
👉Adani Transmission’s share price has also increased to ₹754 from ₹631.5.
👉The interest shown by mutual funds in Adani Group companies has improved investor sentiment.
👉This could be a good time to invest in Adani Group shares based on the potential growth in related businesses.
👉Important information table:
👉Adani Green: ₹167 crores
👉Adani Transmission: ₹118 crores
👉Adani Enterprises: ₹3169 crores
👉This information reflects the changing interest of mutual fund investors in Adani Group companies and can be a coordinated opportunity for investors to earn profits.
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