• Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
Wednesday, August 17, 2022
No Result
View All Result
SUBSCRIBE
The Outlooker
27 °c
Delhi
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
  • Home
  • Opinion
  • Politics
  • World
  • Business
  • Science & Tech
No Result
View All Result
The Outlooker
No Result
View All Result
  • National
  • Politics
  • Opinion
  • Business
  • Science
  • World
  • Health
Home Business

Rakesh Jhunjhunwala believes tsunami of foreign funds incoming; PSUs could be next big winners?

by The Outlooker Web Desk
November 16, 2020
in Business
0
Rakesh Jhunjhunwala believes tsunami of foreign funds incoming; PSUs could be next big winners?
1.8k
SHARES
12.9k
VIEWS
Share on FacebookShare on Twitter

Continuing his bullish views on the pharmaceutical industry, Rakesh Jhunjhunwala said that India has the potential to be the pharma king of the world.

Ace investor Rakesh Jhunjhunwala wants Indians to invest into equities and not care about sector allocation as he expects a tsunami of foreign fund inflows. The big bull said that India is likely to witness 8-9% GDP growth in the next four to five years, roping in more funds across various sectors. In an interview to CNBC TV18, the billionaire investor said that Indians need to reach the hotel first and then look at the menu as he stressed on the need for Indian households to start investing in equities and then care about sectoral allocation.

Talking about where he feels like the next big winners in the stock markets will come from he said that it could be the most beaten down sectors. Public sectors enterprises, metals sector are some of the themes that he suggested. Rakesh Jhunjhunwala added that divestment and asset monetisation are some of the catalysts that could enhance shareholder value in the public sector. Hindustan Petroleum Corporation Limited’s (HPCL) buyback offer, according to him, is an indicator that the government wants to enhance valuation of its assets. The big bulls however, did bat for a change in the government’s attitude to treat their assets better. 

Continuing his bullish views on the pharmaceutical industry, he said that India has the potential to be the pharma king of the world. India’s API manufacturing firms have seen a sharp uptick in demand and stock price have mirrored that upward trend. Until last year China had been the sole benefactor of the world’s API demand. However, now Indian firms aided by the government have been working to capitalise on the shift of corporations from China. However, Rakesh Jhunjhunwala added that for India everything will be the theme of the decade now. 

Global markets are at this juncture witnessing low interest rates and abundant liquidity. Rakesh Jhunjhunwala believes that this will result in a “Tsunami of fund inflows” into the Indian stock markets. India has been a major recipient of Foreign Portfolio Investment and that trend, according to the big bull is likely to continue as Indian markets have the potential to see a substantial growth. This owing to the fact that India is a point where if things go in the right direction, he said, India can reach double digital growth figures in the next five years.

On the reforms front, Rakesh Jhunjhunwala, who had earlier this year expressed his displeasure at the pace of reforms in India, said that the government seems hell bent on reforms despite political opposition which he saw as a positive. The Billionaire investor highlighted that corporate profits to GDP in India are at all time lows. Percentage of profit  to GDP will go up and the size of the GDP will go up, he added. This 

For India’s growth, he added that he will continue to keep an eye on global inflation and interest rates. As long as these two indicators are well placed capital is likely to make its way towards India, he said. 

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

The Outlooker is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

The Outlooker Web Desk

The Outlooker Web Desk

Next Post
Obama Praised Manmohan Singh, No Mention Of PM Modi

Obama Praised Manmohan Singh, No Mention Of PM Modi

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon
National

4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon

August 17, 2022
Jaipur Man Accuses Business Partner Of Raping, Killing His Wife: Police
National

6-Year-Old Girl Raped, Murdered In Haryana’s Panipat, Accused Arrested: Cops

August 17, 2022
Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech
National

Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech

August 16, 2022
MK Stalin’s DMK Goes To Supreme Court, Challenges Definition Of Freebies
National

MK Stalin’s DMK Goes To Supreme Court, Challenges Definition Of Freebies

August 16, 2022

Connect with us

No Result
View All Result

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020

Category

  • Artistic
  • Business
  • Crypto
  • Design
  • Entertainment
  • Fashion
  • featured
  • Food
  • Gaming
  • Health
  • Human
  • Lifestyle
  • Movie
  • Music
  • National
  • Opinion
  • Politics
  • Science
  • Spaces
  • Sports
  • Tech
  • Travel
  • Uncategorized
  • World

Recent Posts

  • 4 Noida Execs Dead As Heavily-Loaded Truck Overturns On Car Near Gurgaon
  • 6-Year-Old Girl Raped, Murdered In Haryana’s Panipat, Accused Arrested: Cops
  • Telangana’s K Chandrashekar Rao Slams PM Modi For “Delivering Dialogues” In I-Day Speech

About Us

The Outlooker

The Outlooker is your source of authentic, hand-picked news, stories, analysis from India & the World.

  • Terms Of Service
  • Privacy Policy
  • About us
  • Submit your story
  • Contact

© 2019-2021 The Outlooker. All rights reserved.

No Result
View All Result
  • Home
  • Politics
  • World
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Movie
  • Music
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Tech
  • Health
  • Food

© 2019-2021 The Outlooker. All rights reserved.