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Thursday, June 15, 2017

Keep two years' view on RIL to make good money out of it: Deven Choksey

In an interview to CNBC-TV18, Deven Choksey, MD of KR Choksey Investment Managers shared his views on public sector banks, Reliance Industries Ltd (RIL), IT and pharma.
 
In an interview to CNBC-TV18, Deven Choksey, MD of KR Choksey Investment Managers shared his views on public sector banks, Reliance Industries Ltd (RIL), IT and pharma.
He believes that banking consolidation is going to go a long way for public sector banks (PSBs). He further said that he is not sure if he would like to buy each and everyone (banks) of them but he may keep his choice limited to State Bank of India (SBI) and then expand it after getting clarity on some other banks.

SBI remains in the list as far as the accumulation is concerned and we are not expanding the list beyond SBI at this point of time, he said.

Speaking about RIL's leadership of the market, he said this is one stock, which has got humongous value built into it. Fundamentals are in place, valuationwise the stock is attractive for investors and one should keep a view of two years to make a good money out of it, he added.

He continues to like Tata Elxsi in IT sector. Within pharma he likes Cipla, Sun Pharmaceutical Industries and Glenmark Pharma.
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