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GQG Partners sold JSW Energy shares worth Rs 677 crore due to underperformance.
Summary
GQG Partners, backed by Rajiv Jain, sold 1.52 crore shares of JSW Energy for Rs 677 crore. The sale occurred due to the stock's underperformance and weak quarterly earnings, impacting its trading value.
Key Points
- GQG Partners sold 1.52 crore shares of JSW Energy.
- The transaction value was Rs 677 crore.
- The sale was conducted at a slight discount.
- JSW Energy's stock has underperformed in the last year.
- The stock is trading below key averages.
Full Article
GQG Partners sold 1.52 crore JSW Energy shares worth Rs 677 crore at a slight discount, amid the stock’s sharp one-year underperformance. JSW Energy trades far below key averages, with oversold indicators and declining FII holdings following weak quarterly earnings.
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