And while he scoffs at new-age trading favorites such as Bitcoin and Zomato, it hasn’t stopped him from a daring foray into the skies with his upcoming budget airline, Akasa Air. In a freewheeling chat with BT’s Global Business Editor Udayan Mukherjee, Jhunjhunwala explains why he remains the staunchest bull on Dalal Street. Edited excerpts:
UM: With 60,000 done and dusted on the Sensex, do you think there are even greater summits ahead for us in the months to come before this bull market tires out?
RJ: Well, my personal opinion is that 60,000 is just a figure. ‘Dil hai ki manta nahi, bazaar hai ki rukta nahi [The heart never agrees and the market never stops]’. We are seeing the largest ever bull run in India. India is changing and very few people are recognizing this change. I believe the market is reading the future better than we are. Despite all the skepticism, the Nifty has moved from 7,500 to nearly 18,000, so corrections will come and go. It’s all part of the journey. The day I came to the market, the Sensex was 159.99, today it is 60,000.
So, I think tens of thousands will be added, many zeros will be added—but it is going to take time.
UM: You have seen so many bull runs in the past and the biggest one that I remember is 2003-08—the one that just kept on going and the index multiplied several times. Could we be in for that kind of a run or do you see this one being somewhat different?
Denne historien er fra October 31, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 31, 2021-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The EV Craze
The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly
The Storage Boom
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
India Beckons
Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before
The Pearls of The Sea
Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it
66.Brand persona should define the core"
I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.
Unwind in Style
Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury
A Lifelong Affair with Inspiration
In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art
Make it Bubbly
Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles
Palatial Splendour
Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers
Of Beaches and Cream
GianChand Single Malt Whisky
