On employment woes, he said robust economic growth is the only solution.
"Go and invest in Pakistan. We don't want foreign investors like you," an angry Jhunjhunwala told former London Chamber of Commerce chief Thakrar who argued that India has been unable to sort its unemployment issues.
Jhunjhuwala sees 10,500-10,750 levels acting as a floor for the Nifty
Expects the Reserve Bank to reduce interest rates and ensure liquidity, and that credit offtake will improve with the lower rates.
Jhunjhunwala is not bearish on the market at current levels and sees 10,750-11,000 levels on the Nifty to act as a bottom for markets.
Jhunjhunwala kept his stake constant in 14 companies. Stocks of three of these companies gave positive returns YTD and 11 traded in the red
Whatever happened in 2019 polls is very important for the country for continuity of reforms. But, lot of money is likely to come into India in the span of the next 5-10 years, he said
With more earnings downgrades likely and the economy in a jam, all hopes are resting on the slender assumption that a decisive second mandate for Modi will strengthen his confidence and political will to take tough steps – such as privatisation of public sector enterprises, or land reforms.
Rakesh Jhunjhunwala holds additional stake of 2.29 percent in his name, which has been kept constant on a sequential basis
The ace investor said in February that Narendra Modi would be triumphant in the polls.
Jhunjhunwala said the poor, who have missed out on personal growth opportunities, decide governments through their votes and the leaders they choose to serve the core constituency.
In August 2018, Jhunjhunwala was known to be in talks to hold 35 percent equity shareholding in Star Health with investment in the range of Rs 2,250-2,500 crore
Disclaimer: Data released by BSE shows names of stocks where investors hold more than 1 percent stake. The investors could have held stake (which was less than a percent) in these stocks earlier than the December quarter.
"Skills, democracy, demographics, entrepreneurship, governance and natural resources are factors behind India's growth," he said.
As many as 29 companies in Jhunjhunwala’s portfolio released their shareholding data for the December quarter as of January 25. Of the 29 companies, only three have delivered positive returns in the last one year
As we approach 2019 general elections, analysts are of the view that a full majority looks tough, but the possibility of a coalition government is likely and that would infuse volatility in market
The regulator had initiated adjudication proceedings against Jhunjhunwala in 2017 for alleged violation of PIT (Prohibition of Insider Trading norms) in the matter of Geometric Ltd, now part of HCL Technologies.
Macros have now turned favorable for Indian markets which will act as a big tailwind going forward, the big bull said in an interview to CNBC-TV18
Jhunjhunwala buys shares through his company Rare Enterprises, his own or wife Rekha’s name as well as in the name of Rakesh Radheshyam Jhunjhunwala.
In a freewheeling podcast interview with Moneycontrol Editor Santosh Nair, legendary investor Ramesh Damani talks about his beginnings, his investing journey and what individual investors should do if they want to succeed in the market.
The big bull made his first share purchase of the Delhi-based realtor in 2016, according to a source
Rakesh Jhunjhunwala increased stake in Karur Vysya Bank to 4.22 percent from 3.66 percent earlier.
He raised his stake in the troubled Jaiprakash Associates to 1.98 percent during the June quarter from 1.19 percent earlier on a fully diluted basis
Rakesh Jhunjhunwala raised equity stake in the debt-laden company to 2.06 percent in quarter ended June, up from 1.23 percent in March quarter.
The stock was quoting Rs 914.90 on May 22. It slipped to Rs 838.05 on June 28, which translates in a fall of 8.4 percent