Stories
Market Dip Reveals 7 Attractive Stocks: Deven Choksey's Top Picks
- •Deven Choksey identifies opportunities in discretionary spending, real estate, and power sectors following the recent market correction.
- •He advises focusing on fundamentally strong companies and using corrections to add to existing holdings with intact business outlooks.
- •Choksey highlights Tata Elxsi, Tata Technologies, Lotus Developers, Bajaj Auto, and Mahindra & Mahindra as attractive in their respective segments.
- •He remains constructive on cement demand, favoring pan-India players like Adani Group's cement businesses and UltraTech Cement.
- •Choksey sees SBI Funds Management as an accumulation opportunity due to its strong business portfolio despite broader market weakness.
Key Questions Answered
Deven Choksey highlights opportunities in discretionary spending, power, utilities, and real estate, pointing to companies like Tata Elxsi, Tata Technologies, Lotus Developers, Bajaj Auto, and Mahindra & Mahindra.
Choksey notes that cement demand has remained surprisingly firm even during the monsoon season. He believes that companies with better control over fuel and transportation costs, such as Ambuja Cements and ACC, are better positioned to protect their profitability.
Choksey views the correction in SBI Funds Management as an accumulation opportunity driven by broader market weakness rather than weak fundamentals. Conversely, he notes that PB Fintech trades at a premium and faces potential underwriting and profitability challenges if it moves into insurance manufacturing.
