in this matter GQG Character Accounts and Chief Investment Officer Rajeev Jain talks exclusively with BQ Prime is of. Let us know what he has to say on this investment and Adani Group.
‘Exposure before Supreme Court committee’s clean chit’
On the clean chit given to the Adani Group by the Supreme Court Committee, Rajiv Jain said that he was not surprised by it. Many such things were being investigated on Sunday, they had been investigated earlier also. Jain said that it has become more of a political game than an economic issue. He said that the dressing in the Adani group has increased before the Supreme Court gave it a clean chit. They have taken this extension during the last two to three months.
Jain said that he has partnered with entrepreneurs like this, who have done an excellent job in implementing each. He says that it is extremely difficult to set up complex infrastructure creations on the ground in India. It has gone wrong in the last few years.
Ridiculous things in the Hindenburg report: Rajeev Jain
According to Jain, Adani Group has done excellent work on infra fronts in the last few years. They also meet and get impressed by the team that has worked with them over the years. He also said that the government is also guaranteed to give approval to start these infrastructure funds, which can be found by anyone who works on it properly.
Rajeev Jain strongly pulled Hindenburg in a special conversation. He said that some of the things in the short seller’s report look absolutely absurd. There was a lot of apprehension about how the constituents would react. Our first quarter was one of our best in history. And with this it has been the third best quarter in terms of inflows.
Speaking on what is his view on India from an event perspective, Jain said that there are some companies in India where valuations are very low every day. But such businessmen are good, their valuation is high. He told that like Infosys is like this. Given below are the stories spread in India. He said that India is still less publicized.
‘May increase further in coming days’
Rajiv Jain further said, ‘The present government has done excellent work on many fronts. The banking sector in India is now clean, the credit cycle is also very strong. The real thing is also strong position. All these things have increased the speed of documents.
On the question of increasing the viewing in the coming days, Jain said that it is expected to increase. On the current situation of the whole world, he said that he believes that a big change is coming because of the war.
Jain further said that there is a clear visible difference between East and West. Some will win and some will lose in this. Europe will lose and America will win. Will be among those who win in India as well. Companies are moving out of Europe because of energy. Europe is in trouble. Per capita income is also decreasing in Europe for the last 17-18 years.
Short term headwind in IT trust: Rajeev Jain
Jain further said that there has been an uproar in the debt to GDP ratio. We have liked to deregulate many things of the current government of India. He says that the age of doing business is very important. Instead of focusing on exports or the domestic market, the company’s business continues. He said that the IT Authority of India has done excellent work in the last few years. IT is at risk of short term headwinds in many.
Jain further said that we do not need to invest in every company. On GQG actors’ perspective on ESG, Rajeev Jain says that it is also not entirely correct to dismiss Fossil Fur. He said that we like good governments, high monitoring companies. Energy Chain is very attractive, we have a good investment now in this area.
Where to invest in India?
Jain told that apart from infra, he also likes some other business. He said that public sector and private sector banks are preferred. The first investment in HDFC was made in 1998.
Jain said that close teams exist in the financial sector. There is also some investment in the Sankalp sector. Jain says that there is no investment in IT because of short term headwinds. He said that we think it is better to invest in habits than in IT. The group’s stock has recovered faster than expected. Jain told that re-rating of businesses has been done in the last 10 years. He said that the scene will be whether he is justifying the business connection or not.
‘India’s access may be closed for some safe’
Jain of GQG Partners pointed out that markets move in cycles. He said that with that time there is a change in the sentiment regarding the authority. Jain further added that the actions taken by the short sellers depend on the actual business. Access to some aspects of India and other aspects may be closed after investigation. Jain further said that short selling created opportunities for us.
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