Rakesh Jhunjhunwala says The mother of all bull markets has started

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Srilata Rao
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Rakesh Jhunjhunwala says The mother of all bull markets has started

Post by Srilata Rao » Wed Jun 10, 2020 10:16 pm

Big Bull Rakesh Jhunjhunwala, India's most successful investors, has stated that 'The mother of all bull markets has started,'

He recommended Pharma stocks which are performing well but it is the start of a long innings- it is not a T20 but a test match. The Chalta hai attitude of Indian pharma companies has gone. We supply 35-40% of all medicines consumed by the US. The crisis will lead to faster growth of Indian pharma market. The breadth of pharma rally will go up.

The Mother of all bull markets has started. Reasons for markets going up will come later. Markets have not done anything in the last 2-3 years. We had a bear market, earnings haven't grown for 5-6 years. Cycle of no-growth earnings may be coming to an end Interest rates have gone down, which is favourable. There has been a shakeout, holding of foreigners has come down.

https://www.timesnownews.com/business-e ... ala/602982

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