Positive impactSector
Deven Choksey bets on auto ancillaries, sees opportunity in Happiest Minds-ITC Infotech deal
CNBC-TV18 1 hr ago·2 Sept 2026, 5:00 am
Deven Choksey, a prominent market analyst, has highlighted a strategic shift in his investment focus. He believes that auto ancillary companies currently offer stronger growth prospects compared to the original equipment manufacturers (OEMs) in the sector. This perspective is based on the view that ancillary firms are better positioned to benefit from the evolving dynamics of the automotive industry.
For investors, this insight suggests a potential opportunity to look beyond the headline names of the auto sector. Choksey's emphasis on auto ancillaries implies that these companies might offer better value and stability in the current market environment. It encourages investors to consider companies that support the larger automotive players.
Moving forward, investors should monitor the performance of auto ancillary stocks and how they react to broader industry trends. It is also important to track the broader market sentiment towards the automotive sector to understand if this shift in preference is a temporary trend or a lasting change in investment strategy.
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns ITC (ITC).
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Also mentions COALINDIA.
Why it matters
A routine update for ITC. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
