Why Motilal Oswal chairman thinks latest bull run will not end well
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- Himadri BuchPravin Palande
- THE ECONOMIC TIMES Jul 17, 2024, 12:12 IST IST
Raamdeo Agrawal has seen many bull runs, but this one is disturbing for him. That’s because this run is totally dominated by retail investors
When the markets are high, everyone wants to have a piece of wisdom from Raamdeo Agrawal. It is also the time when RA, as he is popularly known, is happy to talk about big ideas. And he has many of them. But what worries the chairman and co-founder of Motilal Oswal Financial Services Ltd (MOFSL) is the unrelenting rise of the market.
Agrawal has seen many bull runs, but this one is disturbing for him. That’s because this is a run that is totally dominated by retail investors. “We have smart money, and we have dumb money. My worry is that this will not end well,” he tells ET Prime as we sat down for a late afternoon chat at his office in Mumbai’s Lower Parel. Agrawal had just met some young promoters who own a listed SME (small and medium enterprise) in the solar energy space.
Agrawal has seen many bull runs, but this one is disturbing for him. That’s because this is a run that is totally dominated by retail investors. “We have smart money, and we have dumb money. My worry is that this will not end well,” he tells ET Prime as we sat down for a late afternoon chat at his office in Mumbai’s Lower Parel. Agrawal had just met some young promoters who own a listed SME (small and medium enterprise) in the solar energy space.