Stock Guru Rakesh Jhunjhunwala is optimistic on 2014. He is of the view that equities will give more return in next three years than real estate. Read his latest interview on economictimes.
Rakesh Jhunjhunwala believes that luck is on our side and stage is set for kind of bull market in 2014. He also mention that although sensex and nifty has gone nowhere from 2010 but despite of indices share price has doubled or even tripled.
Rakesh Jhunjhunwala also mentioned that if Narendra Modi will become Prime Minister in 2014 than it will give lot of confidence to market as Modi will bring lot of investment to India. During his talk he recommended following stocks for investment in 2014.
Rakesh Jhunjhunwala Stock Recommendations for 2014
Titan:-
Rakesh Jhunjhunwala most favorite stock is Titan although stock eroded by 20% in 2013, Rakesh Jhunjhunwala is bullish on this stock. He believes that there is lot of scope and Titan is going to be the leader of the Indian gold market. Gold market will be organized after some time and Titan will get advantage out of it.
DHFL:-
Rakesh Jhunjhunwala is very bullish on Housing Finance companies. He said that if we look at the way DHFL was valued and it has a position for loans below 12.5 lakh which is the fastest growing sector and the market is at least 500 times what it is today.
Tata Motors:-
Another stock pick of Rakesh Jhunjhunwala in 2014 is Tata motors. This auto space stock will rock in 2014. Tata motors will be world leader in luxury cars and if we look at the quality of the products no other product is available and they are also delivering on earnings.
First Source Solution:-
First Source Solution is latest pick of Rakesh Jhunjhunwala and he is bullish on same. Stock has rallied nearly 80% in year 2013 due to dollar rupee war.
First source solution has shown exceptional results PAT of company has grown by 200% in last year.
Rakesh Jhunjhunwala is bullish on entire IT sector and believes that IT will continue to outperform until the rupee goes back to 54-55. He also added that long term software industry prospective is good.
Do you agree with Rakesh Jhunjhunwala? Share your views in comment section!
