Nikhil Kamath, co-founder of brokerage firm Zerodha, believes that the Indian market has a lot of long-term potential, especially after the stock market had a great week, with the BSE Sensex and Nifty50 surging to all-time highs, extending gains for six weeks.
In response to increased retail investor interest in the market, Kamath told ET Now, "India is likely one of the most expensive in the world." Nobody can foresee timetables to 25,000, but I would advise being cautious about purchasing expensive items; do not buy too much."
He went on to say that while the cost of capital is expensive in the short term, it has a lot of promise in the long run. "But over a 10- to 20-year period, it looks good for India," Nikhil Kamath remarked.
In a similar spirit, Zerodha CEO Nithin Kamath previously stated that foreign investors recognise India as the future and are eager in investing in the country's businesses.
"Most Americans I know with money want to invest in India because they believe they are plateauing as a nation and that we are the future," Kamath wrote on X, commenting on what he called a "dichotomy." However, young Indians are still bitten by the travel bug and want to create their future in America."
According to documents with the Ministry of Corporate Affairs, the brothers recently made headlines for earning Rs 72 crore each during the fiscal year ended March 2023. This fiscal year, they are the highest-paid CEO and director of a startup company.
