I AM A STRONG BELIEVER IN CASH FLOWS

The BIG BULL OF the Indian markets, Rakesh Jhunjhunwala, has had a mixed year. Even as the billionaire investor battled significant health issues including a debilitating bout of Covid-19, the performance of his stock portfolio has been nothing short of stellar. And while he scoffs at new-age trading favourites such as Bitcoin and Zomato, it hasn’t stopped him from a daring foray into the skies with his upcoming budget airline, Akasa Air. In a freewheeling chat with BT’s Global Business Editor Udayan Mukherjee, Jhunjhunwala explains why he remains the bull on Dalal Street. Edited excerpts:

UM: With 60,000 done and dusted on the Sensex, do you think there are even greater summits ahead for us in the months to come before this bull market tires out?

RJ: Well, my personal opinion is that 60,000 is just a figure. ‘Dil hai [The heart never agrees and the market never stops]’. We are seeing the largest ever bull run in India. India is changing and very few people are recognising this change. I believe the market is reading the future better than we are. Despite all the scepticism, the Nifty has moved from 7,500 to nearly 18,000, so corrections will come and go. It’s all part of the journey. The day I came to the market, the Sensex was 159.99, today it is 60,000.