Big Bull Rakesh Jhunjhunwala Green Flags Indian Stock Markets
Rakesh Jhunjhunwala remains bullish on domestic stock markets even as Dalal Street, along with global peers, faces multiple headwinds. In an interview with CNBC TV18, the ace investor Jhunjhunwala who just entered the aviation space with Akasa Air, asserts that domestic stock markets will grow regardless of global developments. Despite his continued support for Indian markets, he predicted Dalal Street's expansion would be slower than expected.
The ace investor is one of the most vocal proponents when investing in India. Talking about spaces he believes could do well in the future, Rakesh Jhunjhunwala said that PSU banks are his bet as he thinks credit will rise, and the consequence will be an increase in banks' pricing power. The power of PSU banks gathering deposits is his betting...