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Deven Choksey Bullish On IT Stocks And Jio Platforms Profit Growth
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CNBC TV18•14-10-2026, 10:15
Deven Choksey Bullish On IT Stocks And Jio Platforms Profit Growth
- •Deven Choksey believes the recent correction in IT stocks has created a buying opportunity as the downside is likely complete.
- •HCL Technologies and Tata Elxsi are benefiting from LLM integrations and higher margins across various verticals.
- •Jio Platforms is projected to double its EBITDA in the next four to four-and-a-half years, driven by robust 18% to 20% growth.
- •Jubilant FoodWorks offers limited downside risk and attractive valuations following a recent price correction, with potential for recovery.
Key Questions Answered
Deven Choksey notes that Jio Platforms is clocking an 18% to 20% growth rate and expects the business to double its EBITDA to ₹1,50,000 crore in the next four to four-and-a-half years.
Choksey believes the downside for IT stocks is complete following recent corrections. Companies like HCL Technologies and Tata Elxsi are successfully integrating advanced LLMs and executing existing contracts at higher margins.
Jubilant FoodWorks offers limited downside risk following a more than 27% decline over the past year. Choksey expects a recovery in domestic consumption and seasonal festive demand to support near-term growth and potential price appreciation of 15% to 20%.
