Prefer IDFC, LIC Housing Finance: Deven Choksey

Written By Unknown on Rabu, 11 September 2013 | 16.02

Sep 11, 2013, 02.22 PM IST

Deven Choksey, MD of KR Choksey Securities is of the view that one may prefer IDFC and LIC Housing Finance. "This could be a good opportunity to add them into the portfolio apart from some of the banking stocks," he adds.

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Prefer IDFC, LIC Housing Finance: Deven Choksey

Deven Choksey, MD of KR Choksey Securities is of the view that one may prefer IDFC and LIC Housing Finance. "This could be a good opportunity to add them into the portfolio apart from some of the banking stocks," he adds.

Like this story, share it with millions of investors on M3

Prefer IDFC, LIC Housing Finance: Deven Choksey

Deven Choksey, MD of KR Choksey Securities is of the view that one may prefer IDFC and LIC Housing Finance. "This could be a good opportunity to add them into the portfolio apart from some of the banking stocks," he adds.

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Deven Choksey, MD of KR Choksey Securities told CNBC-TV18, "We believe that some of the banking stocks which have been significantly battered down in the fall because of the tight monetary policy in the name of controlling the rupee downslide, those are the ones which could probably bounce back faster."

"We find that the merits in few stocks in some of the non-banking financial companies (NBFCs) particularly IDFC which is available at close to a book value and even the similar situation is with LIC Housing Finance . We fundamentally find that these two companies are good companies to invest in the portfolio and this could be a good opportunity to add them into the portfolio apart from some of the banking stocks," he adds.

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