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Deven Choksi says that there is adjustment in the market before the elections. Corporate fundamentals are not bad in the current volatility. Go short in stocks with good fundamentals. In such markets, valuations tend towards perfection. Tata Motors' results are good, but there has also been a decline.
According to Deven Choksi, FII selling is mostly coming in ETFs. Local investors are getting smarter now. Now it has become necessary to invest instead of trading in the market. The production capacity of solar plant equipment will increase. In the coming time, demand for products will increase in many areas.
According to Deven Choksi, systematic investment can be made in the manufacturing sector for the long term. The market is giving premium valuation to every item. There may be a deduction if performance is not commensurate with the premium. At such times, look for Rahu in the market and buy at the right price. Discounts can be purchased on auto and auto accessories.
Deven Choksi believes that pharma companies are investing heavily in specialties and generics. Future growth prospects for pharma companies are good. Paints and chemical companies will benefit if crude prices remain stable. A situation where demand increases and margins remain stable is good.