Investors Raamdeo Agarwal & Madhu Kela Predict Share Bazaar & Detail Investment Plan For Diwali 2020
Famous investors Raamdeo Agarwal and Madhusudan Kela predict how share market will turn out to be post Diwali 2020.
With Diwali being around the corner, many investors in the market had to face several challenges due to a sudden decline in business caused by the ongoing COVID-19 pandemic. However, amidst this global crisis, India’s business tycoons and investors Raamdeo Agarwal and Madhusudan Kela seem to be optimistic while predicting how the share market will turn out to be in the next twelve months. Here’s taking a quick glimpse of the suggestions and predictions shared by the businessmen for this Diwali 2020:
When asked about the challenges that the share market has faced in the last one year, Madhusudan Kela said that although it hasn’t been good, he is yet optimistic. The businessman went on to state that several companies have already removed themselves from the market as they couldn’t survive the losses. However, many continued to strive in the market and now with relaxations coming up from Diwali 2020, the time ahead may turn out to be good, he claimed.
Sharing a similar perspective, even Raamdeo Agarwal explained the situation elaborating how after facing a downfall, share markets have boomed for the next 1-2 years. Similarly, now that the market has faced the deterioration, the next one year or two will see it flourishing. Agarwal added that the rate has already risen up to 30-40% ever since March and hence this phase could turn out to be a foundation for growth, he said.
Predicting the share market further, Madhusudan said that the medical sector may come up with a vaccine that should happen soon for further clear estimation. Along with this, he said that the numbers people have witnessed in the last quarter would turn around soon by an increase in economic activity. Even during this scarce situation, the investor assumes that the GDP in the upcoming year will witness growth and all the uneasy decisions taken by the government, be it related to tax or agriculture, would soon be covered.
Raamdeo Agarwal, adding to the same, explained that due to the outbreak of COVID-19, the weaker companies have joined hands with the stronger ones, which has led to the concentration of power in fewer hands. Along with it, the margin has yet remained high due to the low-interest rates and hence one can expect the market to boom in the upcoming year.
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