Stories
Deven Choksey Predicts Strong Festive Season For Jewellery And Retail Stocks
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CNBC TV18•07-10-2026, 10:09
Deven Choksey Predicts Strong Festive Season For Jewellery And Retail Stocks
- •Deven Choksey expects a robust festive season to drive strong demand across jewellery, retail, and consumer-facing businesses.
- •Trusted jewellery brands like Titan and Kalyan Jewellers are benefiting from high consumer demand and successful exchange gold schemes despite elevated gold prices.
- •Investors are advised to wait for price corrections before accumulating expensively traded stocks like Titan and Trent rather than chasing recent rallies.
- •Capital market stocks such as BSE and NSE remain attractive long-term holdings due to strong business models and consistent dividend-paying ability.
Key Questions Answered
Deven Choksey expects a strong festive season with robust demand across jewellery, retail, and other consumer-facing businesses, supported by trusted brands benefiting from exchange gold schemes.
He cautions against chasing recent rallies because jewellery stocks are expensively traded, advising investors to wait for price corrections to find better entry opportunities.
He maintains a constructive view on BSE and NSE, noting that improvements in the cash equity business support BSE, while both exchanges remain attractive long-term holdings due to their strong business models and dividend-paying ability.
