Deven Choksey of KRChoksey on Wednesday discussed the fundamentals of the market as well as various stocks.
Recommended ArticlesView All
World Cancer Day 2023: Early detection is crucial for reducing the global burden
Feb 4, 2023 IST5 Min(s) Read
World Cancer Day 2023: A way forward to better management of cancer this year!
Feb 4, 2023 IST6 Min(s) Read
Pakistan economy at alarming level as foreign reserves drop to $3.1 billion from $16.6 billion in a year
Feb 3, 2023 IST3 Min(s) Read
FM Nirmala Sitharaman speaks on inflation, taxes, GDP and more. Read the full interview here
Feb 3, 2023 IST37 Min(s) Read
“Tata consumer remains a good choice. It is getting added into Nifty, so there is enough amount of enthusiasm also further getting added into. This space is particularly liked by many investors now. Any correction in the price would mean the meaningful entry of some of the good long-term investors into this company,” Choksey told CNBC-TV18.
The non-banking financial companies (NBFCs) are rallying, he said.
“I don’t see any new reason for the stock prices to go up except for the fact that demand for credit is continuously growing,” he said.
Speaking about financial stocks, Choksey said, “We continue to stay with Bajaj Finance. That remains a long stay in our portfolio. We have been liking Cholamandalam Investment and Finance Company, so we continue to have preference over there as well. In the housing finance companies (HFCs), HDFC remains a good pick for us.”
On public sector undertakings (PSUs), he said, “Perception always remains a weak point in these companies as far as the stock market performance is concerned. In our portfolio, the PSUs have a very small presence and at this point of time we are not adding anything.”
Choksey also said that better times for commercial vehicles (CVs) has started.
“We are in for about three-four years of a good cycle for the CV segment. To me, Tata Motors and Ashok Leyland look interesting. Both of them have a relatively stable business model. These companies are ready for relatively better times, both these companies remain in our portfolio and continue to attract our attention,” he pointed out.
Watch the video for more
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.