Rakesh Jhunjhunwala To @CNBCTV18News

Thread.. (1/9)

LOCKDOWN IMPACT

- Covid created fear psychosis, this is just a flu

- Infection, deaths per million lowest

- Lockdown imp, but blown out of proportion

- Impact of lockdown not as bad as ppl are expecting

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(2/9)

FRUSTRATED WITH PACE

- Despite being a long time bull, now even I am feeling frustrated

- PM spoke about land/labour, nothing been done so far

- Don't want to pre-judge reforms, will wait for govt to execute

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(3/9)

FROM A SURE BULL TO A HOPEFUL BULL

- There is no coherent disinvestment policy

- Will only believe what govt does & not what govt says

- From being a sure bull, I have now become a hopeful bull

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(4/9)

A NEW BULL MARKET ?

- Typically before a new bull market begins, it shakes out everyone in a severe way, this has played out now

- I remain a eternal bull , hoping this is the beginning of a long new bull market

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(5/9)

SECTORS

- 'How does one year's de-growth matter as long as companies survive in the long term'

- Don't see big recovery in fins before Nov/Dec; remains in buy zone

- Pharma can see long term bull market

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(6/9)

SECTORS

- Some of the biggest winners will be found in most beaten down sectors, metals one of them

- Aviation will take time to come back, best to keep away

- Hotels, construction, restaurants sector will come back

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(7/9)

RBI & GOVT MEASURES

- RBI should allow 1-time restructuring of loans

- Govt should just focus completely on ease of doing business

- Think govt will give stimulus after assessing the situation

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(8/9)

RBI & GOVT MEASURES

- See no reason why India should not borrow money from overseas

- We should not pay too much attention to sovereign rating agencies

@ShereenBhan

Rakesh Jhunjhunwala To @CNBCTV18News

(9/9)

BIG RISKS FOR INDIA

2 big risks for India:

a) No reform,

b) re-occurrence of Covid-19 cases in a big way

@ShereenBhan

***End Of Thread***