Here are Deven Choksey's top trading ideas

In an interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18, Deven Choksey of KRChoksey Investment Managers shared his reading and outlook on market and specific stocks.Below is the verbatim transcript of Deven Chokse's interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.Latha: At what price will you buy Tata Consultancy Services (TCS)?A: Somewhere around 15 times price/earnings ratio, the space and the companies within this particular space may look more attractive particularly the Infosys, TCS kind of companies. When they start quoting at a discount to the market valuations, they will remain more attractive to add into the portfolio.Of course, a lot will depend on how exactly they see the future ahead. The global uncertainty continues and that is where one is not completely sure about how exactly these companies are going to come out of this situation. Maybe in a particular situation where some inorganic growth and opportunity arises, you might see this stock gaining momentum and that is something which one will have to keep a close eye on.Sonia: Two stocks which have been in an unadulterated bull markets of their own, one is Asian Paints at a new high and the other one is IndusInd Bank which has a very good set of numbers to boost as well, would you put fresh money to work in either of these names?A: Asian Paints -- we continue to hold very strong view on the company largely because of the stability on the raw material price, which is giving them a possibility of better margins going forward as well.At the same time, with the improvement in the economic condition, consumer spending, availability of funds in hands of people and more demand for housing and other products, I would think that Asian Paints probably would continue to have the organic growth continuing for the demand segment as well.Look at the expansion which they are carrying out, probably that could also suggest that the company could possibly show relatively higher amount of earnings visibility for next three-five years. That is where one is more comfortable and would stay invested.IndusInd Bank is remaining more steady and probably the way in which the company is moving ahead, with a steady growth rate, I would think that they are ultimately catching up with the IDFC Bank for the premium valuation that they are into and as long as the bank shows a clear-cut character of staying with the digital economy and create the product offerings to the consumers, I would think that IndusInd Bank would remain positive take for the portfolio. We continue to hold the stock, that is a disclaimer.Sonia: Wanted your quick thoughts on Hindustan Unilever Ltd (HUL), the parent company Unilever has sighted some concerns with regards to slowdown in the Indian markets, what would your view be?A: There are two-three things, which one may have to look at. One is that not necessarily the slowdown as they may probably want to talk about but the fact is that you have an increasing amount of competition happening in this particular space and that probably may force them to reinvent their product portfolios and even the pricing model within the product portfolios. So that could bring some amount of competitive pressure on to them. I am not completely sure about how much it could have the impact on to the business side but certainly if they have to reinvent some part of their portfolio, this is one big challenge for a large company like HUL that they have to do.Other than that, though there are concerns pertaining to Brexit and the currency related fluctuations on their global parent's businesses, that apart I do believe that there would be a margin pressure continuing for HUL in some period at least from now.Latha: What are you buying in the finance space?A: We continue to like the housing finance space particularly because that is providing us a clear visibility about this trading growth that the companies are assuming in them. Also, in the consumer, the retail finance space some of the companies have already shown a good character of more than 30 percent kind of a compounded annual growth rate (CAGR) though they are expensively traded, that is where one will keep an eye on. Corrective downsides in the market, if you get the valuations in your favour, that could be the buy opportunity, otherwise we continue to hold the housing finance as well as consumer finance non-banking financial companies (NBFCs) in the portfolio.