Deven Choksey sees buying opportunities in corrected stocks like Reliance and NBFCs. He advises caution with defense stocks, citing high valuations. Choksey suggests waiting for lower prices before investing in defense companies. He notes the potential of Jio Financial Services but awaits concrete business activity. Choksey expresses concern about elevated valuations in the quick commerce sector, recommending a cautious approach.
Deepak Nitrite shares jump 4% after Q1FY27 profit jumps 209%, revenue rises 36% YoY
Deepak Nitrite shares climbed over 4% after the company reported a more than threefold jump in June-quarter net profit and strong revenue growth. Investor sentiment