Prime Minister Narendra Modi today met veteran investor and Big Bull Rakesh Jhunjhunwala. After this, Modi shared the photo of the meeting on Twitter and said that he was very happy to meet Rakesh Jhunjhunwala and Rekha Jhunjhunwala, who are among the biggest stock market investors of the country.
Modi wrote on Twitter that it was a great pleasure to meet ‘one and only’ Rakesh Jhunjhunwala. Vibrant, full of insight and extremely bullish about India. In fact, Nunzio Quacquarelli, MD of QS Quacquarelli Symonds Ltd and Jhunjhunwala met PM Modi in Delhi. After meeting Quacquarelli, Modi wrote on Twitter that he had a long conversation on all aspects of the education sector.
Delighted to meet the one and only Rakesh Jhunjhunwala…lively, insightful and very bullish on India. pic.twitter.com/7XIINcT2Re
— Narendra Modi (@narendramodi) October 5, 2021
Jhunjhunwala had said that retail investors should invest in India
PM Modi’s comment comes weeks after Rakesh Jhunjhunwala said that retail investors should invest in India and not the US for better returns. Big Bull had said that if we have good food in our house, then why go out. Trust in India.
Jhunjhunwala is one of the few big stock investors in the country. He is called the Warren Buffett of India. He invests in the stock market through his company Rare Enterprises. According to the rich list of Forbes, Jhunjhunwala is the 48th richest person in the country. He is the chairman of Hungama Media and Aptech. He is on the board of several companies, including Viceroy Hotels, Concorde Biotech, Provogue India and Geojit Financial Services. According to the recently released IIFL Wealth Hurun India Rich List, the total wealth of Jhunjhunwala and his family is Rs 22,300 crore.
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Jhunjhunwala has assets worth Rs 22,300 crore
Rakesh Jhunjhunwala has more than 34 stocks in his portfolio. Many of these stocks are performing well. The specialty of Rakesh Jhunjhuwala is that the stocks in his portfolio perform well in a bad market. They are considered as value investors. That’s why their investments in the stock market are tracked a lot. Recently, after the tremendous performance of Zomato, he had said that he does not understand the reason for its stock climbing. Even though many investors have invested money in it, but they do not see the value in it.