Use the dips to buy into Kotak Bank and Bajaj Finance; recovery will be as sharp on next trigger: Deven Choksey

economictimes.indiatimes.com:

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “I feel that the current market is giving an opportunity during the corrections and these corrections come on a stock-specific basis. These corrections do not come on an overall market basis. So, if Kotak Bank or Bajaj Finance is down, that becomes a buy opportunity for investors to buy into the portfolio largely because when the next trigger comes in, the recovery would be equally sharp of 20-25% and that is where contra-buy has to take place.”

Just wanted to understand how you have digested all the numbers and the news flow so far. Good numbers from Axis and then RBI restrictions on Kotak and of course Bajaj Finance as well, has been quite the howler.
Deven Choksey: I think the Bajaj Finance numbers have remained very reassuring as far as the growth aspect is concerned. The company on a larger base of Rs 3.3 lakh crore AUM is continuing to grow at around 28-30% rate of growth, which is definitely good. The current management guidance probably is suggesting that there will be slightly muted growth in the current year, but still on a larger balance sheet, that should not affect much as far as the company is concerned.

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This company remains a very strong proposition, largely because of the fact that the housing