Prefer RIL, SBI, Tata Motors: Deven Choksey

Deven Choksey of KR Choksey Investment Managers told CNBC-TV18, "Within the largecap basket, we like a few companies and amongst them would be the companies like State Bank of India (SBI), Reliance Industries (RIL), even companies like Tata Motors, apart from Dr Reddy's Laboratories (DRL) and Larsen and Toubro (L&T). These are 4-5 companies which we believe that they are fundamentally strong. Nothing is wrong with the business per se in any of these companies.""At the same time, given the situation in which they in respective businesses in which they are operating, and I could elaborate at length if required. Most of these companies have a huge amount of fundamental potential to outperform the business environment and probably show better performance on the earnings side. Certainly, we remain very positive.""Today, many of the largecap companies are victimised more also because of some of the global funds, they are paring their exposure in India. Also, due to the threat of rupee slipping, due to strong dollar index, that is where I think you are getting these kinds of opportunities in these companies at lower levels. So, when you look at the fundamentals, you look at the valuation, you look at the upside potential into these companies, to my mind, these are some of the names which we like within the largecap basket to add to the portfolio," he added.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.