Rakesh Jhunjhunwala called retail investors ‘3F’ investment secret. He said that I have been following this principle since 1985.
Companies in the aviation and hospitality sector will lay a golden egg in the coming days.
Rakesh Jhunjhunwala has said a lot about the present and future of the Indian stock market. He said that despite the new wave of Corona, the market has not declined because the economic reality has not been negative. Due to the epidemic, only the sentiment has become negative, which is immediate. The March quarter has seen great results from companies that did not come in the last several years.
Rakesh Jhunjhunwala told the investors the secret of his investment during a conversation in the , news channel Aaj Tak. If implemented properly, it can prove to be a boon for retail investors. He said that I invest on the principle of ‘3F’. Fair value means that the share price is right, the company’s fundamentals should be strong and the future prospect must be good. If this three factor of a company is right, then it is right for investment. Jhunjhunwala said that I have been following this principle since 1985.
Corona pain is immediate
Jhunjhunwala also said that it is a sheer lie that the market is based on non-real factor. Regarding the Corona crisis, he said that this pain is immediate. He said that this is a virus that will affect the functioning of the company for a few quarters. After that everything will be alright again. In such a situation, the investor will not work for the next ten years, it is not possible. This is a battle that is long but victory is sure.
This year the economy will grow by 10 percent
Jhunjhunwala believes that India’s growth rate for 2021 will be 10 percent. The epidemic has affected aviation and hospitality and restaurant business badly, but in the coming days this sector will see a tremendous boom. He even said that if you get a booking at the resort in November-December, then I will change my name.
Jhunjhunwala has invested in Indian Hotels
He also said that no one will take the shares of these companies right now, but after five years no one will sell it. Please tell that Rakesh Jhunjhunwala has invested 323 crores in Indian Hotels Company with his wife. They had a 2.1 per cent stake in December. The March filing data is not available right now.
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