As the market goes through a churn amid uncertainty, India's one of the most successful investors Rakesh Jhunjhunwala is bullish on PSU banks and the hospital sector.
In an interview with CNBC-TV18, Jhunjhunwala said PSU banks have the great power of gathering deposits.
On the other hand, he said he didn't think telecom is a good sector to invest in as it constantly requires investment.
Rakesh Jhunjhunwala, often called India's Warren Buffett, is a prominent investor and trader who owns and manages the asset firm Rare Enterprises. As per Trendlyne data, Rakesh Jhunjhunwala and Associates publicly hold 32 stocks with a net worth of over ₹31,279.3 crore.
The billionaire investor has launched an airline company Akasa Air. Akasa is said to be an ultra-low-cost carrier with tickets 10% cheaper than competitors.
As reported by news agency AFP, it will operate two single-aisle Boeing 737 MAX aircraft between four Indian cities starting Sunday, and hopes to have a fleet of 18 by the end of next year. It also claims to be the world's "greenest" airline, with staff uniforms including sneakers with recycled rubber soles and fabric made of marine waste.
