Extremely bullish on the market; see tsunami of capital flow: Rakesh Jhunjhunwala
“The pace of reforms is picking up and on the market, I remain as bullish as ever. I was extremely bullish in June and I am extremely bullish even today,” said Rakesh Jhunjhunwala in an interview with CNBC-TV18’s Shereen Bhan.
Big Bull Rakesh Jhunjhunwala remains extremely bullish on the Indian stock market as the pace of government reforms is picking up.
“The pace of reforms is picking up and on the market, I remain as bullish as ever. I was extremely bullish in June and I am extremely bullish even today,” said Jhunjhunwala in an interview with CNBC-TV18’s Shereen Bhan.
He said that he was a bit frustrated in June due to the slow pace of reforms, but with the government coming up with “extremely good reforms”, his “frustration has reduced 80 percent”.
“I feel personally that the government is doing extremely good reforms and is hell-bent on doing the reforms regardless of the political opposition whether from within or from the opposition,” added Jhunjhunwala.
On where he sees the market going ahead, he says, “I think the money is going to come not slowly, not fast, but in a Tsunami.” “Will reach double-digit growth in the next 5 years,” he further mentioned. He remains bullish on the economic growth prospects ahead for India.
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(Edited by : Niral Sharma)
First Published: Nov 9, 2020 10:20 AM IST
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