GQG Partners is a global investment management firm that specializes in emerging markets and global equities and focuses on investing in high-quality, well-managed companies in emerging markets such as India, China, Brazil, and others.
GQG Partners has gained attention for its substantial investments in large Indian companies, including Adani Group entities, and other emerging players making use of the market conditions and opportunities available.
As per corporate shareholdings filed for September 30, 2024, people matching GQG Partners emerging markets equity fund publicly hold 13 stocks with a net worth of over Rs 42,575.2 Crores.
Listed below are two stocks in which GQG Partners have increased their holdings in Q2FY25.
Patanjali Foods
Patanjali Foods Limited is an India-based company, which is engaged in edible oil business oil palm plantation company. The Company’s segments include Edible oils, Food & FNCG, and Wind Turbine Power Generation. The Edible oils segment includes crude oils, refined oils, vanaspati, bakery fats, seed extractions, and others.
Price Action
With a market capitalization of Rs. 64,078 Crores, the shares of Patanjali Foods Limited were trading at Rs. 1,770.15 per equity share, down 0.27 percent from its previous day’s close price of Rs. 1,774.90.
Stake Increase
In Q2FY25 GQG Partners emerging markets equity fund increased its holding stake in Patanjali Foods Limited from 3.19 percent in Q1FY25 to 4.72 percent in Q2FY25 by adding a 1.53 percent stake.
Financials and Ratios
Its Revenue from operations declined by 7.65 percent from Rs. 7,767.1 Crores in Q1FY24 to Rs. 7,173.06 Crores in Q1FY25, accompanied by profits of Rs. 87.75 Crores to Rs. 262.9 Crores.
Ambuja Cements
Ambuja Cements Limited is part of the Indian Conglomerate the Adani Group and is among the leading cement companies in India, it is primarily engaged in the business of manufacturing and sale of cement and cement-related products under the brand names, Ambuja Cement, Ambuja Kawach, Ambuja Cool walls, and many more.
Price Action
With a market capitalization of Rs. 1,41,864 Crores, the shares of Ambuja Cements Limited were trading at Rs. 575.95 per equity share, up 0.71 percent from its previous day’s close price of Rs. 571.90.
Stake Increase
In Q2FY25 GQG Partners emerging markets equity fund increased its holding stake in Ambuja Cements Limited from 1.35 percent in Q1FY25 to 2.05 percent in Q2FY25 by adding a 0.70 percent stake.
Financials and Ratios
Its Revenue from operations declined by 4.61 percent from Rs. 8,712.9 Crores in Q1FY24 to Rs. 8,311.48 Crores in Q1FY25, accompanied by profits of Rs. 1,135.46 Crores to Rs. 789.63 Crores.
Written by: Bharath K.S
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