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Deven Choksey of KR Choksey Securities predicts the markets to be rangebound between 11,330-11,900 for this month, till the middle of the next month.
Deven Choksey of KR Choksey Securities predicts the markets to be rangebound between 11,330 and 11,900 for this month, till the middle of the next month.
Giving his views on Educomp Solutions, he says, the business model of the company is quite interesting, scalable and growth-oriented. "Maybe one will have to wait for a better time to get into this stock at a lower price," he suggests.
Choksey also gives his views on Sundram Fasteners and Torrent Power.
Excerpts from CNBC-TV18's exclusive interview with Deven Choksey:
Q: How comfortable are you with the markets right now that they have moved in the range for the last couple of days? Is this pretty much where we are going to settle, moving in a band of 50-100 points?
A: I think the market should stay rangebound between 11,330 and 11,900 for this month. Maybe by the middle of the next month also, it should be around this level as well. As of now, I think the market is consolidating to the larger gain that it has made in the last few trading sessions, about last two weeks.
Q: Sundram Fasteners has announced 1:1 bonus issue, what is your call on this one?
A: The company is extremely solid fundamentally. I think the 1:1 bonus announcement itself suggests that the company is heading for a big amount of growth in the current year and the year after.
Both its ventures in China as well as in Germany, are expected to be on track and a consolidated performance of this company in the coming one year and thereafter is going to be quite handsome. So if you are looking at this company from an investment point of view, then I'll say it appears quite interesting from the current levels.
Q: Have you taken a look on Educomp Solutions over the last couple of days?
A: This is a company into the education space, which I think, is being hyped due to better results. Though the valuation at this point in time appears a little bit expensive, I would say the fairly rich valuation, as given to the business model of the company is quite interesting, scalable and growth-oriented.
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Tags: Deven Choksey , KR Choksey Securities, market, Sundram Fasteners, Germany, China, Educomp, Torrent Power AEC, Torrent Power SEC, Torrent Power
May 18 2013, 17:26
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May 17 2013, 12:39
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