Buy KPIT Cummins among mid-cap: Deven Choksey

Deven Choksey, MD, KR Choksey Securities, talks to ET Now on various stocks.

One recommendation from the mid-cap stocks?

Within the mid-cap stocks, there are plenty of them but few of them where your attention should be little bit higher could include the likes of even KPIT Cummins.

Once again it may be a repeat of what I may have said earlier but the stock, which is available with a good amount of IPR built into it on the product side is definitely going cheap at around 10 times price-to-earnings ratio and with a 25% kind of a growth going forward in next two years, this stock looks reasonably cheap on PEG basis as well, so one could buy, it is a high quality mid-cap stock in KPIT Cummins.