Deven Choksey Bullish on Autos, Metals; Sees Market Stability Ahead
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CNBC TV18•28-01-2026, 10:34
Deven Choksey Bullish on Autos, Metals; Sees Market Stability Ahead
- •Deven Choksey, MD of DRChoksey Finserv, anticipates near-term market stability driven by improved positioning and supportive fundamentals.
- •He emphasizes capital inflows and currency stability as more crucial for markets than the budget, advocating for long-term capital attraction to strengthen the rupee.
- •Choksey is positive on metals, especially Vedanta, citing balance sheet deleveraging and a proposed demerger as key growth triggers.
- •He views the India–EU free trade agreement as an opportunity for export-oriented auto and auto ancillary companies, not a threat from cheaper imports.
- •Tata Motors, Mahindra & Mahindra, and Maruti Suzuki are well-positioned for growth, while MCX is a long-term hold despite short-term volatility.
Why It Matters: Deven Choksey foresees market stability, favoring autos and metals, with currency stability and capital inflows as key drivers.
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