Deven Choksey bullish on Adani Airports; says mid, small-caps offer stock-picking opportunities

Deven Choksey, managing director of DRChoksey FinServ, has turned his attention to the broader market, specifically highlighting Adani Airports as a key opportunity. He believes the company offers significant value, suggesting it is a stock worth considering for investors. Beyond this single name, Choksey emphasizes that the current market environment presents a chance to find opportunities in fundamentally strong mid- and small-cap stocks.

This outlook is particularly relevant as Foreign Portfolio Investors (FPIs) have been absent from the market recently. Choksey argues that this absence has created a scenario where stock-picking is more important than simply following large-cap trends. His advice is to focus on companies with strong underlying fundamentals, which he believes are currently available at attractive valuations.

Investors should keep a close eye on the performance of mid- and small-cap sectors. These segments are expected to be the primary source of returns in the near term. It is also important to note that Choksey has flagged governance concerns at the IT services company Coforge. This serves as a reminder that investors must perform their own due diligence before making any investment decisions.