Shares in major Adani investor GQG plunge

Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS also cut its target price on the firm from AU$3.30 to AU$2.30, and this marks the Swiss bank's first ever downgrade of the stock since its listing.
Shares in major Adani investor GQG plunge after analyst note on outflows
SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
GQG Partners Sees 13% Stock Price Drop Following Analyst Downgrade Amid Adani Group Concerns
GQG Partners experiences a 13% drop in stock value post-analyst downgrade, highlighting risks in investing in conglomerates like Adani Group.
Major Adani investor GQG shares fall 13% after analyst downgrade
Shares of Australian-listed GQG Partners fell 13% on Monday after UBS analysts downgraded the stock and estimated the firm could have lost A$600 million ($390 million) in funds under management following the Adani Group indictment.
GQG shares tank on UBS downgrade
Shares in GQG Partners dived on the ASX after UBS downgraded its rating on the fund manager due to a slowdown in flow momentum.
GQG Plans Buyback After Stock Slumped on Adani Investments
Rajiv Jain’s GQG Partners Inc., one of the biggest investors in units of Adani Group, said it will buy back its own shares after they plunged on concern over the money manager’s exposure to the embattled Indian conglomerate.
GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
GQG Partners , which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the U.S. over charges of bribery and fraud.
Shares in GQG Partners tumble after UBS downgrade
Dec 2024 - Shares in GQG Partners (ASX:GQG) tumbled today after UBS downgraded the company from a buy to a neutral and reduced the stock's price target from $3.30 to $2.30.
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Adani Backer GQG’s $10 Billion Bet Under Threat From Bribe Probe
(Bloomberg) -- Fresh troubles at the Adani Group are posing a threat to US-based GQG Partners LLC, which took a contrarian bet on the conglomerate after a short-seller attack last year. US ...
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GQG Partners Emerging Markets EquityInst
Last week’s settlement between the SEC and GQG Partners concerning nondisclosure agreements that the agency found to be in violation of its rules does not change our opinion of the firm or its ...
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After GQG, Abu Dhabi's IHC reaffirms support to Gautam Adani-led companies
The IHC's statement came days after boutique investment firm GQG Partners reiterated its confidence in Gautam Adani's ...
Jarden Sticks to Its Buy Rating for GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh (GQG)
In a report released yesterday, Elizabeth Miliatis from Jarden maintained a Buy rating on GQG Partners, Inc. Shs Chess Depository Interests ...
Fundamentals of Adani firms look sound, says foreign money manager GQG Partners
The day before the indictment on November 19, GQG had total exposure to Adani Group companies of $9.7 billion on a total ...
Why GQG, Novonix, Silex, and Vulcan Energy shares are sinking today
These shares are having a tough time on hump day. But why? The post Why GQG, Novonix, Silex, and Vulcan Energy shares are sinking today appeared first on The Motley Fool Australia.