His deeply ingrained belief and conviction on India and its potential is strongly corroborated by some of his long-term bets – companies that will grow as domestic consumption or discretionary spends go up.
In July 2021, Rakesh Jhunjhunwala paid nearly ₹18.5 crore to settle a Sebi probe related to alleged insider trading in Aptech shares; wife Rekha paid ₹3.2 crore
India's mom-and-pop investors are facing testing times. During a pandemic-era surge in the stock market, millions poured their savings into equities, drawing on advice from unauthorised financial advisers and social media "gurus"
India’s mom-and-pop investors are facing testing times. During a pandemic-era surge in the stock market, millions poured their savings into equities, drawing on advice from unauthorised financial advisers and social media “gurus” to help identify the next big ticket.