Bajaj Auto at corrected levels is a good buy: Deven Choksey, KR Choksey Securities

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his stock recommendation.

ET Now: Give me a stock where you currently are a buyer and you are happy to allocate let’s say 7% to 8% of your total portfolio.

Deven Choksey: It is clearly Bajaj Auto. I believe that the stock has corrected yesterday. It is giving an opportunity to buy into the portfolio.

The export performance of the company remains on a stronger side and at the same time, depreciated currency is ensuring enough for the kind of a margin. However, the domestic market portfolio of Bajaj Auto is struggling at this point of time. But, I believe that given the export trade performance in a depreciated currency, Bajaj Auto at the corrected levels would be a good buy opportunity to add into one's portfolio.