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DEVEN CHOKSEY
How to deal with euphoria in EMS, railway and defence space? Deven Choksey answers
“Currently higher valuation is being paid because there is less amount of floating stock in the market and there are higher amounts of investment tickets, which are basically cheques being cut for higher amounts of investment. As a result, the stocks are going up in a crazy manner. I would like them to be a little bit more decent as far as the valuation is concerned before putting money.”
IT back in the front seat? Deven Choksey betting on these 4 stocks
“Maybe there was a lull in a couple of quarters in this calendar year wherein they did not get enough orders but the managements kept on indicating that the orders are getting ready and they are not getting released and that situation has started coming in. Many of the mid-tier IT companies have already started confirming that in this particular quarter they have had a reasonably good amount of order inflows coming in.”
Any dip always a buy opportunity for Reliance, HDFC Bank stocks: Deven Choksey
"The offloading of the portfolio by ETFs has created the situation. It is not completely surprising though because on the other side, US bond yields have started firming up, as a result of which, flight of capital is expected to take place in the shorter term particularly for the leveraged funds."
Is auto demand now tilting more towards two-wheelers versus PVs? Deven Choksey answers
"The companies which are basically into the ecosystem are supplying to different industries, particularly in the capital goods segments, which I mentioned earlier. In the EMS segment, which are suppliers to the capital goods segment players. And capital goods segment players are ultimately getting linked to the infrastructure space. So starting with infrastructure, in the capital goods segment and the EMS segment, some of the companies definitely look interesting and appealing. I cannot disclose names."
How should one approach the mid and smallcap holdings now? Deven Choksey answers
“We like some of the midcap companies in hospitality business, event management business, where the growth programme is relatively more conducive and also some of the automobile ancillary component companies which are relatively looking more stable.”
3 NBFC stocks Deven Choksey is ready to bet on now
“We continue to like quality business in Tata Power at this point of time. Having said that, NTPC could also remain a stronger player largely because of the volume increase. However, we are not likely to see quantum jump and that is where one will probably have to be mindful.”
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Are metal stocks a better bet than high PE defence, EMS & railways names? Deven Choksey answers
“Metal as a commodity would probably have a relatively longer bull run going forward from now. Metal as a space would remain relatively stronger going forward. That is where instead of buying the expensive railway stocks, I would prefer to buy into the commodity place like steel at this point of time.”
Should investors be concerned about fresh allegations on Adani Group? Deven Choksey answers
So, it is a little unfortunate that this particular subject is being played on a proxy basis. If at all the genuine short selling has taken place and if at all they have genuine information to share, my understanding is that it is better to contact to Indian regulators and talk to them and put your case to them.
Should you continue to hold PSUs or book profit now? Deven Choksey answers
"PSU companies work on a very tight margin and if any slippages are there in the operations and the performance, probably we have a disappointment on the needs front that is one particular caution that one would like to exercise. At the same time, a year ahead as far as the election 2024 is concerned, this one-year time is likely to remain extraordinarily buoyant market condition for India markets."
Should you buy Zomato, Policybazaar at current prices?
PSU companies in the power, defence, and railways sectors have the potential to perform well. The government's focus on infrastructure development and increased accountability in PSU companies can lead to higher order intake. Mining companies could see better performance due to government support. As for Zomato and PB Fintech, investor exits have reduced the stock overhang, and the companies' fundamentals have shown improvement."
What to do with Piramal Enterprises & where to look for growth in Reliance? Deven Choksey answers
"Jio platform could double its revenue and profits in the next two to three years, which is faster than the normal growth rate. The renewable segment is expected to see significant growth, with separate groups being formed for each vertical. Some brokerages maintain an underweight rating on Piramal Enterprises, but I see clarity in the company's long-term prospects. "
Big getting bigger theme to play out if you invest for next 5-10 years: Deven Choksey
"Companies like Reliance which are promising to unfold the valuation gain because of the separate listings of different businesses going forward, are available at a valuation which is far more attractive than before. One can also argue for companies like Bajaj Finance, Bajaj Finserv, where the potential of the business is also high and at the same time the execution is also matching up with the potential."
What to expect from Hindalco, Coal India, Adani Ports? Deven Choksey answers
Deven Choksey says, "Coal India is expected to report higher numbers due to sustained elevated levels of production and better realization from the open options market. Overall the balance sheet looks relatively more positive than what we have seen up till now. Mid-tier pharma companies are also expected to show better performance, particularly those with specialty product portfolios such as Cipla and Sun Pharma."
How has the Adani Group fared so far and what is the value now? Deven Choksey answers
"Coming to Adani Enterprises, instead of retail investors, this kind of business is definitely more meaningful if you are an institutional investor like pension fund, insurance fund, sovereign fund or a large-sized hedge fund, because it is producing unlocking of value in coming years. Also, I see the entire infrastructure portfolio of the company at the group level to begin with and then respective companies thereafter."
Deven Choksey on 4 mid-tier IT stocks that show a margin of safety
Investors are being drawn to underpriced public sector enterprises and mid-tier technology players for long-term investment opportunities, according to Deven Choksey of KRChoksey Holdings. However, he added that such sectors had been perfected in the short-term and it was increasingly challenging for investors to pick value from them. Choksey also discussed higher demand from rural India generating growth in FMCG companies and the efficient use of fintech by NBFC firms to disburse loans.
Maruti and some of the real estate stocks can be bought on dips: Deven Choksey
Maruti is focusing on higher value products and bigger vehicles, which will contribute to the company's profitability. Additionally, the hybrid vehicles that Maruti has started selling will eventually lead to electric vehicles in the next one or two years. Hence, the company could have an edge going forward. For the real estate sector, the long-term outlook remains positive due to good demand and lending by housing finance companies.
Here's why Deven Choksey is bullish on Tata Elxsi
The demand scenario remains absolutely convincing. And the company's position, because of the distribution reach that they have created is also remaining a very compelling proposition.
Is the comeback rally in auto sector over? Deven Choksey answers
In my viewpoint, since they are heavyweights on the index and they represent the indices, of course, so in such situation when they start going up because of the higher amount of money coming into the system as well I would think that indices would naturally go up.
Jio Financial Demerger: Mukesh Ambani ready to unlock value for 36 lakh RIL shareholders well before Diwali
Market insiders believe that Ambani may announce the record date for the allotment and listing of Reliance Strategic Investments, which would be renamed to JFSL, in July or August. In the company's annual general meeting (AGM), the date of which has not been announced yet, Ambani is expected to lay out the roadmap for JFSL before it gets listed on stock exchanges.
Jio Financial demerger could end up creating over Rs 10 lakh cr worth of book in 3 years: Deven Choksey
“Jio Financial Services remains a strong proposition as far as the outlook is concerned on the NBFC side. That definitely holds good for shareholders because they are getting 1:1 equity out of this particular proposition. We are getting a relatively better visibility for investment going forward from this particular company.”
Has the tide turned for IndusInd Bank and Suzlon? Deven Choksey explains
“IndusInd Bank’s underperformance of previous years have stabilised in the last four-five years. Time has probably come for them to register a decent growth if not better from current levels which would be somewhere around 20% average growth that they will be continuing to produce for at least next three-four years. One can remain a little bit more positive than before.”
Can Jio Bharat move the needle for Reliance? Will Bajaj Finance continue to outperform? Deven Choksey answers
“The business of Bajaj Finance remains steady. Investors like predictable growth as well. At the same time, at a CAGR level if you produce 30% growth at the end of 10 years, you are talking about 1400% growth in the business and that gives a simple average of 140%. That is what this particular company is operating with.”
Here's why Deven Choksey is bullish on HDFC Life
They continue to grow at a steady pace of growth, even on a larger balance sheet like what they currently have. I believe that the stock requires a follow up as far as the funds are concerned to add the weightage into their portfolio.
How can HDFC Bank regain its mo-jo? Deven Choksey answers
I would think that the regulator would probably try and take an exceptional route here and probably set the benchmark that in an exceptional situation like this I think they are allowed to reduce the stake over a period of time if not immediately.
Nifty likely to remain on a steady wicket: Deven Choksey
So maybe I am not a very big fan of buying commodities because commodity assumes a bigger amount of cycles. But I feel that I think when given opportunity corrected prices I think if the stocks are available in the course of its journey, probably one could buy them at lows.
We remain reasonably overweight on housing finance space within real estate sector: Deven Choksey
I guess the IT is showing the distinct signs of growth. So, there also we remain reasonably more confident. And the banking credit is also reasonably good as far as the corporate side is concerned, housing financer is concerned and the retail side is concerned.
What is the best unlisted stock Deven Choksey would buy if he could
Deven Choksey, the MD of KRChoksey Holdings Pvt. Ltd, prefers National Stock Exchange (NSE) over CSK, as NSE has a large balance sheet and holds a significant amount of cash. He believes that the stock exchange business has relatively higher predictability of revenue in the future. NSE has the potential to grow as its market capitalization could increase four-five times in the next 10-15 years.
Top Adani stocks may appreciate by 15-20% from current levels: Deven Choksey
A Sebi inquiry on the Adani Group has left investors watchful of Adani Enterprises. KRChoksey Holdings' Deven Choksey is confident about the firm's current valuations and believes it may appreciate from current levels by 15% to 20%. However, Choksey said he would like to remain cautious, as apart from the foreign portfolio investors, no big investors from the domestic turf have invested in the company.Load More
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