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Positive on Tata Elxsi and Cyient; buy aviation stocks on dips, says Deven Choksey

market | Dec 23, 2020 9:24 AM IST

Positive on Tata Elxsi and Cyient; buy aviation stocks on dips, says Deven Choksey

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“Our comfort level in midcap IT space has been two companies, Tata Elxsi and Cyient Technologies,” Deven Choksey, MD, KRChoksey Investment Managers said in an interview with CNBC-TV18.

Deven Choksey, MD, KRChoksey Investment Managers, likes Tata Elxsi and Cyient Technologies in the midcap IT space.

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“Our comfort level in midcap IT space has been two companies, Tata Elxsi and Cyient Technologies,” he said in an interview with CNBC-TV18.
“Companies like Tata Elxsi would be remaining in the favourable bracket. It remains promising from the growth perspective,” he said.
He believes there will be an element of risk and uncertainty in the aviation space given the volatile situation in the global economies. “One should buy (aviation stocks) when the market gives opportunity at lower levels and trade when there is an opportunity to exit,” he said.
According to him, there are better opportunities available elsewhere than Specialty Restaurants. “One will have to concentrate on the selected opportunities where the risk factor is lower and ability to absorb a better amount of business conditions is there,” he mentioned.
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