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Wednesday, October 27, 2021

Rakesh Jhunjhunwala advised to invest in equity, said- a tsunami of foreign funds is coming

Big investor Rakesh Jhunjhunwala wants Indians to invest in equities and not worry about sector allocation as they expect a tsunami of foreign fund inflows. He said that India’s GDP growth is expected to be 8 to 9 percent in the next four to five years, which will bring more funds in different sectors. In his interview to CNBC TV18, the billionaire investor said that Indians first need to reach the hotel and then look in the menu.

He emphasized that Indians first start investing in equity and then worry about sector allocation.

Bets placed on public sector enterprises

Talking about where the next big winners in the stock market will come from, according to him, he said that these could be the most defeated sectors. Public sector enterprises, metals sector are some of the names that he suggested. According to him, Hindustan Petroleum Corporation Limited (HPCL) buyback offer is an indicator that the government wants to increase the valuation of its assets. However, he also advocated a change in the attitude of the government to improve its assets of the government.

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Talk on India’s potential in the pharma sector

While giving his views on the pharmaceutical industry, Jhunjhunwala said that India has the potential to become the king of the world in the field of pharma. India’s API manufacturing companies have seen a sharp rise in demand and the share price has indicated an increasing trend there. Until last year, China was the sole contributor to the world’s API demand. However, now Indian companies are working to take advantage of shift companies from China with government assistance. However, Rakesh Jhunjhunwala added that everything will be the theme for India now.

Source: www.financialexpress.com

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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