Gautam Adani: Retail investors took advantage of trouble in Adani Group, know how many shares they bought – adani group shares rout has retail investors snapping up group’s stocks
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According to regulatory filings, retail shareholding in Adani Enterprises rose from 1.86 per cent at the end of December to 3.41 per cent at the end of March. Similarly, in Adani Ports it has increased from 2.86 percent to 4.1 percent, in Adani Green Energy it has increased from 1.06 percent to 2.33 percent, in Adani Transmission it has increased from 0.77 percent to 1.36 percent. Retail shareholding in Adani Wilmar stood at 8.94 per cent at the end of December, which reached 9.49 per cent at the end of March. Similarly, it increased from 1.55 per cent to 2.39 per cent in Adani Total Gas, 14.11 per cent to 17.54 per cent in NDTV and 5.52 per cent to 7.23 per cent in Ambuja Cements.
Shares can become multibagger
In the report of Hindenburg Research, Adani Group was accused of tampering with the price of shares. Adani Group denied these allegations. But this led to a huge fall in the shares of the group. To win back the confidence of investors and creditors, the Adani Group sold its stake in several companies and organized roadshows. In February, Rajeev Jain’s company GQG Partners Inc had invested in four Adani Group companies. This has increased the confidence of all investors including retail investors in the group companies. Jain says Adani Group shares among the five can be multibaggers.
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