Seven stocks are deemed attractive by Deven Choksey after a market correction that has rattled many sectors.
Choksey, Managing Director of DR Choksey Finserv, has been combing the bumpy market for value plays. He points out that companies with solid fundamentals and resilient business models are best suited to ride out volatility. The focus remains on discretionary spend, real‑estate luxury, and power utilities.
In the discretionary space, auto ancillaries and ultra‑luxury real‑estate segments stand out. Choksey names Tata Elxsi and Tata Technologies as emerging bargains, while Lotus Developers is a premium real‑estate pick. He also flags Bajaj Auto and Mahindra & Mahindra for potential upside if the OEM cycle hits a low.
Power and utilities offer another niche. The recent slide in the sector has highlighted firms with strong distribution networks—Ambuja Cements and ACC, both under the Adani umbrella, are cited for their transport advantage. Alternative fuels and pan‑India reach could further blunt cost swings.
Cement demand shows resilience despite margin pressure. Choksey notes that the sector’s supply chain efficiencies could shield profitability, especially for companies controlling logistics and fuel costs.
In fintech, PB Fintech’s high valuation and the uncertainty around its insurance venture temper enthusiasm, while SBI Funds Management is seen as a stable accumulation play amid broader selling pressure.
A key takeaway is to remain selective: add to firms that maintain robust fundamentals once valuations dip. Choksey expects the market panic to ease, with downside risk limited once support levels are tested.