Add Tech Mahindra in portfolio: Deven Choksey

Deven Choksey, MD at KR Choksey Shares and Securities suggests adding Tech Mahindra in the portfolio on corrective downside.

November 08, 2013 / 12:21 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Deven Choksey, MD at KR Choksey Shares and Securities told CNBC-TV18, "The larger amount of business is coming from enterprise segment for Tech Mahindra. It gives the confidence that going forward, the business growth should be on the higher side. Also look at the commentaries coming from the other majors like Cognizant and you get the endorsement that the IT segment in general is expected to perform better in the next twelve months. So considering that fact, it would be a good opportunity to add IT stocks into the portfolio.”

“One will have to apply the kind of a corrective downside to buy into some of the IT companies. Tech Mahindra for that matter is also the same opportunity, in the corrective downside one could possibly add this stock into the portfolio and see the growth for the portfolio in next four-six quarters,” he added.

first published: Nov 8, 2013 12:21 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347