Deven Choksey Bullish on Autos, Metals; Sees Market Stability Ahead

• Deven Choksey, MD of DRChoksey Finserv, anticipates near-term market stability driven by improved positioning and supportive fundamentals.
• He emphasizes capital inflows and currency stability as more crucial for markets than the budget, advocating for long-term capital attraction to strengthen the rupee.
• Choksey is positive on metals, especially Vedanta, citing balance sheet deleveraging and a proposed demerger as key growth triggers.
• He views the India–EU free trade agreement as an opportunity for export-oriented auto and auto ancillary companies, not a threat from cheaper imports.
• Tata Motors, Mahindra & Mahindra, and Maruti Suzuki are well-positioned for growth, while MCX is a long-term hold despite short-term volatility.

Why It Matters: Deven Choksey foresees market stability, favoring autos and metals, with currency stability and capital inflows as key drivers.