Global investment firm GQG Partners modestly increased its stakes in three Adani Group companies like Adani Energy Solutions, Adani Green Energy, and Adani Enterprises during the March quarter of 2026. While the exact percentage rise in holdings has not been disclosed, the move signals continued confidence in the group’s long‑term prospects despite sharp market volatility.
Foreign institutional investors (FIIs), in contrast, reduced their exposure to Adani stocks, reflecting caution over risk‑reward dynamics. Life Insurance Corporation of India (LIC) maintained its steady positions, while domestic mutual funds selectively raised their exposure in ACC and Ambuja Cements, showing mixed sentiment within the group’s portfolio.
Performance across Adani companies was uneven. Adani Power surged nearly 23% in the quarter, supported by strong demand and operational resilience. Cement subsidiaries ACC and Ambuja faced pressure, weighing on overall group sentiment. This divergence highlights both resilience in energy and challenges in cement.
GQG’s decision underscores its belief in India’s infrastructure and renewable energy growth story, where Adani plays a central role. The contrasting strategies of FIIs and domestic institutions reveal a split in investor outlook global caution versus local conviction. As volatility continues, Adani stocks remain a focal point for both risk and opportunity in Indian markets.
