Balkrishna, Ceat better picks from tyre space: Deven Choksey, KR Choksey Securities

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views on the tyre space and some of the tyre stocks. Excerpt:

ET Now: Do you see significant upside from the current levels for Apollo Tyres as well as other tyre stocks?

Deven Choksey: From whatever the commentaries that we have heard and read, the situation appears to be favourable for Apollo.

In such situation, this stock price would have some amount of upside left. If one gets an opportunity during this upside, it is right to exit the counter as given the kind of appetite that they have shown for inorganic growth, it is better to play safe.

The investor should go with some of the proven names where you can have much better situation going forward.

Balkrishna, within the tyre space, appears to be better, along with Ceat. Hence, I would prefer Balkrishna and Ceat, if I have to pick up from the tyre space.