Ace Investor Rakesh Jhunjhunwala in an Interview says that NIFTY-50 will touch 1,00,000 by 2030. Earlier in 2014 he said that by 2030 Nifty will touch 1,25,000 but now he revised his target by 20% and this all happens due to Covid-19. If the Predictions of Rakesh Jhunjhunwala become correct then the market will give around 20% CAGR returns which will be massive. Here are the points on which Rakesh Jhunjunwala speaks.
1- NIFTY-50 will touch 1,00,000 by 2030
According to Rakesh Jhunjhunwala NIFTY-50 will touch 1,00,000 points by 2030. He said this because he thinks that people are slowly getting aware of the Equity market and they are investing slowly slowly, Right Now Many people don’t want to invest in Stock Market as they Think that it is speculation but slowly when people become educated that Share Market is not speculation then a massive growth will be seen in the opening of Demat Account.
He also says that he might be wrong in this as there is a risk involved in this. The Risk is World War-3 With Pakistan. Big Bull thinks that If nuclear War Happens between India and Pakistan then it will be a massive destroyer for both Countries. Currently, there are no signs of War Between India and Pakistan.
2- I will never buy any Cryptocurrency even if I am getting it at $5- Rakesh Jhunjhunwala
Rakesh Jhunjhunwala once again tells that he will never invest in any cryptocurrency. He said that if he is getting Bitcoin at $5 then also he will not invest in Biticoin. BIg Bulls says that Currency is to be printed only by Government no private player should involve in this. Rakesh Jhunjhunwala told this with an Example. If Dollar becomes stronger by 1-2% during intraday then it becomes a news but pric eof Cryptocurrency changes by 10-15% Everyday. How can a currency fluctuate like this. It’s a speculation.
3- Future is Electric Vehicle
When Asks about the future industry he says that Electric Vehicle is the Future. Government is trying it’s best to devlop infrastructure for electric vehicle. Most of the Automobile Companies like BMW, TATA Motors, JLR etc. they are trying to make good and efiicient electric vehicle.Jhunjhunwala himself hold 4 crore shares of TATA Motors which shows his love for electric vehicle. He sees a massive growth in Electric Vhicle Segment.