Key Points
Deven Choksey: The east and west connectivity of the ports in India per se; one of the key things that they are delivering is the logistic management for most of the corporates because they have the flexibility to carry inland shipping as well as inbound shipping in a manner in which they can flexibly shift it to different ports, that is the first important point...
So, some of the mid-tier companies like Torrent also look at this particular strategy to go ahead with and I believe that some of the acquisitions could possibly give them not only the product presence but also at the same time, give the geographic presence which is fundamentally very important for most of the pharma companies..
This particular company should be bought when the market gives a little sharper correction 15% to 20% fall from any peak level prices would be a better opportunity to buy into the portfolio of this kind of companies for investment...
Some of the ancillaries like Uno Minda look relatively more promising from the investment point of view, largely because in the last two-three years, the stock has price corrected and time corrected as well and this stock has got underlying strength in each of the verticals which they are having..
We like a couple of these areas within the mid-tier segment of the market along with the hospitality segment, where leisure tourism is one area where we believe some of the companies are looking reasonably quite from the point of view of investment returns for the investors..
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Market pain may continue; Deven Choksey on what he would be adding in this fall
25, Oct, 23“Fortunately, in our funds and with our investors, we have kept a significant amount of cash in the portfolio. This kind of a correction brings up the opportunity to buy. We may not buy all at once, but selectively in some of the stocks, we would like to buy in this particular fall.”
Prefer to accumulate largecaps on dips, small and midcaps vulnerable to liquidity-led push: Deven Choksey
27, Sep, 23“I would rather play a little bit more carefully at this point of time. We love the price correction happening in some of the counters. That is where probably we will accumulate some of the bigger companies. The medium, small sized companies are relatively more vulnerable to the liquidity-led push in the market. And we are slightly more concerned there.”
Deven Choksey on 3 stocks that are going to see blockbuster listing in days to come
28, Nov, 23“The market definitely wants the larger number of sectors to play. Engineering R&D is one sector where you have likes of Tata Elxsi; you have likes of Cyient Technology, KPIT, LTI MindTree. Some of these companies which are having their niche position in that and that also adds into the Tata Technology kind of companies.”