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June 14, 2018 11:42 AM | Market

Steel business strong in terms of demand, says Deven Choksey

Steel business is currently very strong in terms of demand, being in the best of the times, said Deven Choksey, market expert.

"On one side, the volume growth is happening and on the other side, the price realisation is better and it is reflecting into the profit performance of the company,” Choksey reasoned.

Talking about Reliance, he said, “RIL’s core business is expected to show relatively better performance in this quarter ... retail, Jio and media, all three businesses are expected to show better performance."

On Pharma, he said, “There is some amount of visibility developing in many of the Indian pharma companies. Valuation wise the stocks are corrected significantly and the downside is limited.”

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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