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Positive on Tata Steel, buy Berger Paints on dips, says Deven Choksey

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Positive on Tata Steel, buy Berger Paints on dips, says Deven Choksey

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Deven Choksey of KRChoksey Securities remains positive on Tata Steel as it believes that the company's performance in the subsequent quarters will be much better.

Deven Choksey of KRChoksey Securities remains positive on Tata Steel as it believes that the company's performance in the subsequent quarters will be much better.

“The cyclicality of the business is working well for this company, you should see better performance going forward in subsequent quarters, so remain strong on this company,” he said in an interview with CNBC-TV18.
He believes Berger Paints is an expensive stock. “One will have to wait for markets to give corrections. If at all it does then buying in the correction would be a better opportunity,” he said.
On Bharti Airtel, he said, “Fundamentally things are improving for this company and it is likely to do better going forward. When the higher amount of allocation is taking place due to the increase in the weightage, at that point of time, you might get an opportunity to book part of the profit and maybe consider buying it back when the market gives some small corrections hereafter.”
Choksey believes Apollo Tyres is currently in the best position in the entire tyre industry. “There are better times ahead for this industry and for some of the plays in this industry,” he said.
On Balkrishna Industries, he said, "The stock might remain in the sideways, company’s performance in the tyre segment is relatively good. However, this issue will have to be digested. As of now we don’t carry any coverage on this."
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