Indian billionaire closes in on Bezos with 1,000% stock surge

“You don’t know how his market is rising so sharply because there doesn’t seem to be much institutional investor interest,” said Hemindra Hazari, an independent research analyst based in Mumbai.

“He’s not only on an acquisition spree and banks are willing to fund him,” but he has close ties to the current administration, Hazari said. “As long as this government lasts — and it is expected to last quite a long time — the music will continue.”

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