Deven Choksey says this stock has potential to gain 15% in a year

The market appears to be priced to perfection, according to Deven Choksey, MD of DRChoksey Finserv. "Maybe the price to perfection is the name of the game as far as the markets are concerned today, in most of the stocks, you're finding that the markets already discounted at least 12 months in advance in their stock price," he told CNBC-TV18.

Among individual stocks, Choksey sees potential in Larsen and Toubro (L&T) and believes that a price correction could present an attractive entry point for investors.

"Certainly the numbers look impressive. Correction in the stock price would definitely be a good opportunity to buy stock for 15% kind of an appreciation for one year period of time."

Choksey also talked about Bharti Airtel and why he is cautious about the stock despite strong fundamentals. He remarked, "I would think that the company would remain strong going forward from the performance point of view. However, as far as the stock price is concerned, I see most of the things are already priced into the current price of the stock."

Choksey suggested that the market has already factored in positive expectations for Bharti Airtel, making it less likely to see significant upward movement in the near term. He also emphasized that opportunities might arise in a falling market.

Choksey shared his view on the change in leadership in JSW Energy. He stated, "Honestly speaking, one would like to believe that things are going to be changing and changing for better."

Choksey pointed out that changes in CEO positions are not necessarily concerning, as professionals in today's business world often experience shorter tenures due to the demanding nature of the roles. Investors should look at the younger faces stepping into leadership positions and assess how they handle the business situation, he said.

JSW Energy's shares have experienced a notable decline of more than 14% in the past month.

Despite the leadership transition, Choksey remained positive about JSW Energy, remarking, "The condition in the business remains extremely strong and convincing for the space as a whole and this company in particular. So certainly one would remain relatively more confident even though the change in the leadership is taking place."