Rakesh Jhunjhunwala Bullish
on Real Estate, Pharma, IT Sectors...!
Predicting ‘reasonable’ returns from equities,
ace investor Mr. Rakesh Jhunjhunwala has said the India’s stock markets are in
the early stages of a “long-run bull market.””
“There is absolutely no doubt about the future of
Indian equity market; and if earnings go up, the market will go up too,” he
said.
“We are an early stage of a long-run bull market;
Invest in the market and expect reasonable returns.”
While noting that investors should stay invested
in the markets, Mr. Jhunjhunwala cautioned them against expecting “unreasonably
high returns.”
Mr. Jhunjhunwala was bullish on the real estate,
pharmaceuticals and information technology sectors.
The comments were made in his address to the
members of Indian Merchants’ Chamber (IMC) on recently.
Mr. Jhunjhunwala has also estimated a
double-digit growth for the Indian economy and said that lot of aspects, like
entrepreneurial skills, would help the country grow.
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