Deven Choksey of KR Choksey Shares and Securities is bullish on Tata Motors. The negative news - Land Rover recalls 36,000 SUVs in China - notwithstanding, he believes the stock is a good buy and investors must bet on new launches.
The long funds are coming into the market and building positions, is the word coming in from Deven Choksey of KR Choksey Shares and Securities.
The market is facing discomfort on two counts – dollar gaining strength and bond yields moving in a direction opposite to rate cuts, which is resulting in a selloff in every rally, he says. Also, once the rupee starts depreciating against the dollar, the reading funds will start selling, he adds.
He is bullish on Tata Motors . The negative news - Land Rover recalls 36,000 SUVs in China - notwithstanding, he believes the stock is a good buy and investors must bet on new launches.
As far as pharma companies go, Choksey doesn't see much headroom to buy afresh goven the already high valuations. However, he advises investors to hold on to good quality pharma names, but buy only on deep cut corrections.
Stay tuned for more…
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