Rakesh Jhunjhunwals on Markets

Rakesh Jhunjhunwala says:


  • Cost of tax evasion to be become more expensive than compliance under GST
  • We are poised for double-digit GDP growth from 2019-2020
  • Expect NPA issue to be resolved in next 18 months; IBC will lead to more responsible lending & borrowing
  • IndiGo's EoI for Air India stake means nothing & is uninvited; Believe AI divestment will be a 2-3 yrs process
  • Don’t think crude will go above $50-55/bbl & go below $45/bbl
  • Don't see any big upside in metal prices; Some metal companies will be profitable with metals at current prices
  • Don't think mkts will correct over 3-4% from current levels; Earnings growth likely from FMCG, consumption sectors
  • Expect India to become large consumer market by 2020-30
  • See Harshad Mehta-type of madness in markets by 2021-2025
  • Cash will be better than equity if stocks overvalued; 
  • At some point, I will be all cash, timeline is undecided

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