On October 6, a group led by renowned investor Rakesh Jhunjhunwala paid a visit to Finance Minister Nirmala Sitharaman in New Delhi. Sitharaman’s office released photos of her talking with Jhunjhunwala and two of his associates, Utpal Sheth and Amit Goela.
Sheth is the CEO of RARE Enterprises, a stock trading firm based in Jhunjhunwala, while Goela is a partner in the firm. Jhunjhunwala met Prime Minister Narendra Modi for a brief chat in the national capital the day before. Modi expressed his joy at meeting “the one and only” Jhunjhunwala on social media after their meeting, calling him “lively and smart.”
Jhunjhunwala is “extremely optimistic about India,” according to Modi’s tweet. The prime minister’s remark came just weeks after the Big Bull – as Jhunjhunwala is known – advised that for higher profits, retail investors should invest at home rather than in the United States.
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