Page 39 - Cipla Ltd News Today

The valuation of GQGs Adani investment has vaulted to $7 billion, validation for Jain who cut against the grain when he bought shares worth $1.9 billion in March in the shortseller-stung conglomerate and then topped up some. But he and his fund managers have also bought several less flashy stocks in India that have surged over 50% this year, beating the 15% rise in the benchmark S&P BSE Sensex.

GQG Partners LLC, led by star investor Rajiv Jain, saw the value of its India portfolio more than double in little over a year, driven by winning stoc

The value of India investments across six of GQG’s funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg from latest regulatory filings and information on the Florida-based investor’s website.

The Nifty Pharma index closed 0.76 per cent down at 16039.9.

The NSE Nifty index closed 27.7 points up at 20997.1

The NSE Nifty index closed 36.55 points down at 20901.15

The 30-share BSE Sensex was down 274.63 points at 69379.1

The Nifty Pharma index closed 0.77 per cent up at 16294.2.

Mutual funds are one of the popular ways of investment at present. Anand Rathi Wealth's Deputy CEO Feroze Azeez shares his views on mutual fund investment in the times of a buyout market.

The Nifty Pharma index was trading 0.49 per cent up at 16308.5.