Buy Tata Power, Adani Power: Deven Choksey

Deven Choksey, MD at KR Choksey Shares and Securities told CNBC-TV18, "In power generation both Tata Power and Adani Power are looking up because of the expected power tariff hike which is going to take place for them. In such situation both these companies would have the cash flows coming back into the balance sheet and that is where one could well place these companies as far as I think the investment objective is concerned.”

“They are available at a corrective downside which is significantly low. So I would think that this is good opportunity to buy into these companies,” he added.