Stock market veterans said this about Rakesh Jhunjhunwala, paid tribute
stock market Market analysts condoled the demise of veteran investor Rakesh Jhunjhunwala, saying that he had great faith in the country’s growth story and the energy within him made him special. Jhunjhunwala, 62, died of a heart attack on Sunday morning. Zerodha founder Nikhil Kamat tweeted, “Never see anyone like you. Jhunjhunwala was also known as Warren Buffet of India and Big Bull of Indian markets.
they can never be forgotten
B Gopakumar, Managing Director and Chief Executive Officer (CEO) of Axis Securities said, “The energy he brought to the TV studio will never be forgotten. He said that he had full faith in India’s growth story. He always proved that if a person maintains his investment in good companies, his wealth is sure to increase. Another expert Sandeep Parekh said that Jhunjhunwala was such a personality whose speeches gave confidence to the country’s growth story even to those who did not believe so. The airline ‘Akash Air’, which Jhunjhunwala tried his best to start in the last days of life, reached the milestone with its first flight only last week.
no one could shake the trust
Sushant Bhansali, CEO, Ambit Asset Management said that Jhunjhunwala was one of the most trusted people in the India story. According to Trendline data, Jhunjhunwala and their affiliated entities held 32 shares in the public domain as of June 2022 with a net worth of Rs 31,905 crore. Association of National Exchange Members of India (ANMI) President Kamlesh Shah said that Jhunjhunwala will be remembered as a visionary investor whose faith in the market could not be shaken. Nishant Srivastava, Head (Retail Broking & Distribution), Reliance Securities said that Jhunjhunwala was one of the best investors who always believed in India’s growth story.
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