«Till now as well the larger focus is on the insurance space and whenever the opportunity is available in the insurance companies, definitely the buying is emerging into them,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd.
What is it that you are feeling about the market? Is it showing any signs of a fatigue? I mean, when you look at some of the individual high HNI concentrated names and the kind of fall that they have had from their previous peak, some of them are down even 30 odd percent or so. What is the feeling that you are getting about the market right now?
Deven Choksey: Overall, I think the market direction is very-very clear. Anything which is available at a comfortable discounted valuation, as I call it as, the market is not waiting for latching onto that kind of an opportunity. So, obviously, the important aspect here would be to buy on dips, that is very-very clear and obvious. Now, where the actions are being centred at this point of time, our understanding is that the majority of the interest continues to remain in the BFSI space.
Till now as well the larger focus is on the insurance space and whenever the opportunity is available in the insurance companies, definitely the buying is emerging into them.
At the same time, the selective opportunities are also there in the metal commodity space where larger amount of buying interest has been generated because of the fact that the input cost is coming down and at the same time the commodity prices are relatively fetching better realisation for the