Standout midcap stocks to buy on dips: Deven Choksey
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says in the manufacturing space, with the capital goods players collected, railways could be the biggest influencer as far as the growth output is concerned for many of the capital goods companies. Though they are adequately priced today, in case of a dip, one should grab the opportunity and buy into the portfolios.
Choksey further says that among midcap stocks although Polycab is quoting at a high valuation, business growth ther will double every two-and-a-half, three years from now on. Supreme Industries and Astral are the other two stocks he will definitely buy fresh on every correction.
Let us get your take on Shriram Housing Finance. They are looking to sell their housing finance arm to Warburg Pincus. The deal value is estimated at about Rs 4,600 odd crore. Your outlook?
Deven Choksey: On one hand, the housing finance space as the home is growing at a very steady rate of around 20 odd percent for most of the HFCs including HDFC, Bajaj Finance and some others. So, from the perspective of looking at the growth-related activities happening in this business, I think the deal looks to be more promising than otherwise.
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On the other hand, given the kind of balance sheet requirement that they will have because of the new
