Rakesh Jhunjhunwala says markets reading COVID second surge only as a blip
Veteran investor Rakesh Jhunjhunwala of RARE Enterprises continues to believe that India is poised for a long bull market. Speaking at an event organized by AIMA- he added that the current COVID crisis is a temporary blip.
Veteran investor Rakesh Jhunjhunwala of RARE Enterprises continues to believe that India is poised for a long bull market. Speaking at an event organized by AIMA- he added that the current COVID crisis is a temporary blip.
“Markets are reading that this is but a blip in time. And once we get the vaccination programmes through then the worry is going to be very little,” he said.
He is confident that the markets will not go down. “If the 2,50,000 a day COVID cases is a peak, I am quite confident that markets will not go down,” he explained.
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On rural India, he shared, “80 percent of the cases are in urban areas. There are cases in rural India but they are not being tested, not being reported and are getting self-cured. This is largely an urban phenomenon. It is not going to affect rural India.”
“By June, a good part of urban India will be vaccinated and the herd immunity will develop,” he further said.
For more, watch the video
(Edited by : Abhishek Jha)
First Published: Apr 22, 2021 12:30 PM IST
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