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.
RBI rate cut to support growth; when credit offtake rises, so will deposits: Axis Bank CEO Amitabh Chaudhry
Amitabh Chaudhry of Axis Bank believes India’s growth remains strong despite global issues. He anticipates increased credit demand following rate cuts. Japanese banks’ entry signals