Zomato stock analysis: Stay put or start hunting in this market correction? Deven Choksey answers
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says this market is offering a good amount of opportunities. The corrective price in some of the companies where the business fundamentals are strong, is very convincing. Maybe after buying one has to wait for three-six months before it starts producing the return you seek but that is okay because we are in a long-term investing game. This kind of corrective downside is an opportunity to buy in a portfolio.
Quality names that were part of many portfolios are getting undone. What should one do? Sell out some of these names and book whatever profits you have or just ride it out? Some of these names like Dixon, Zomato might have a good future in the medium-term?
Deven Choksey: We have always…
