Maruti and some of the real estate stocks can be bought on dips: Deven Choksey

economictimes.indiatimes.com:

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says for Maruti, the “overall profitability is going to come from the bigger vehicles which they are selling now. So a game-changer kind of a proposition is emerging for this company.

Also, the hybrid vehicles that they have started putting on the road, will eventually lead them to electric vehicles in the next one or two years' time. Given the strength of Maruti for distribution and the production, this company should have an edge going forward. Maruti can be bought at every correction point.”What is happening with the Piramal Group? Do you track that closely because you have Piramal Enterprises. The stock is still seeing a bit of pressure. Then Pharma was expected to be the cash cow for the company. But since its listing, it has managed to disappoint.Honestly, I have not looked into this particular company at this point of time.

I would probably give my opinion at some other point of time.I am sure that you definitely track Maruti. There is no denying that. What is your takeaway of the earnings and the fact that they are now going to take over the manufacturing from Suzuki as well? It was an overhang at one point of time. Will it still play out?Well, I think Maruti remains fundamentally a very strong pick, I believe.

I think the last year and earlier whatever the issues that they were having pertaining to the production due to the chip issue are behind them. One of the important changes in the strategy which I am observing in Maruti is that they are focusing now on higher value products and that is where we are going to see the larger amount of contribution into the top line. But more importantly for the company is the bottom line.