Stock Market Big Bull Rakesh jhunjhunwala not interested in Zomato and Tesla | Know the reason.

Rakesh jhunjhunwala not interested in Zomato and Tesla | Know the reason.

At an event, he suggested learning from Zara and Walmart, saying, “I prefer a cash flow business model rather than an emphasis on valuations.” He said that the importance of valuation could not be more than a strong business model.

Rakesh jhunjhunwala not interested in Zomato and Tesla.

At an event, he suggested learning from Zara and Walmart, saying, “I prefer a cash flow business model rather than an emphasis on valuations.” He said that the importance of valuation could not be more than a strong business model.

It should be said that after the news of the arrival of Zomato and Tesla in the stock market, where the interest of many people has increased about these two. And the round of discussions is also going on in both the cases. Although Rakesh Jhunjhunwala, who is called the Big Bull of the stock market, is not interested even after all this. While the portfolio of well-known stock market investor Rakesh Jhunjhunwala is interested in mutual fund managers as well as retail investors. He is known for his investments in finance, tech, retail and pharma stocks.

Jhunjhunwala on zomato.

This time, Jhunjhunwala doesn’t seem excited about food delivery company Zomato’s good returns on listing and US-based electric car maker Tesla’s plans to enter the country. Even Jhunjhunwala made it clear at an event that he would not invest in Zomato or Tesla. He said that what he buys is important and the price at which he buys is most important.

Mohandas Pai, former director of Infosys and chairman of Manipal University, who was among the top software companies, was also present in this event because of the lack of interest .

Rakesh jhunjhunwala not interested in Zomato and Tesla | Know the reason.
Rakesh jhunjhunwala not interested in Zomato and Tesla | Know the reason.

Jhunjhunwala said that an entrepreneur’s fund is like “oxygen” but “the capital is not as important as the business model”. Advising to learn from Zara and Walmart, he said, “I prefer a cash flow-oriented business model rather than an emphasis on valuation. Valuation cannot be more important than a strong business model.

Rakesh jhunjhunwala on Tesla.

If Jhunjhunwala is not investing in Zomato or Tesla, it does not mean that one should avoid buying these stocks. Describing Tesla as an important automobile company for the current market as well as for the coming years, Pai said, “The current automobile market is worth $2 trillion and by 2030, 30 to 35 percent of it will be electric vehicles.” is an important company.