Deven Choksey on one sub-sector to be bullish on in run up to election

economictimes.indiatimes.com:

«I think this is going to be a story for most of the midcap stocks, that if you missed out something, probably the valuations are going to be far more expensive and that is what the case here as well,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.

Let us begin by discussing Amara Raja Batteries because that stock has been charged up per se. It has doubled so far on a YTD basis and its other peer, even Exide, has managed to show a gain of around 80%. There is a latest announcement of another tie-up coming in from Amara Raja, but the big question is if you have missed out on the rally so far, is it good even for a fresh buy?
Deven Choksey: Well, I think this is going to be a story for most of the midcap stocks, that if you missed out something, probably the valuations are going to be far more expensive and that is what the case here as well. I think the stock has already done the run-up in my viewpoint. Maybe I think the fundamentals are not doubted at this point of time. The growth and the prospects are also not doubted. But the fact remains that I think we are already scaled up on the valuation.

Unlock Leadership Excellence with a Range of CXO Courses

So, there is nothing which is called, at this point of time, a clear headroom available from the point of view of the investors buying the momentum.
Maybe for buying the