IT, retail NBFCs top picks; metals remain structural bet: Deven Choksey

Deven Choksey, Managing Director of DRChoksey Finserv, prefers IT stocks for near-term gains, expecting companies like Infosys, Persistent Systems, HCLTech, and select mid-tier firms in embedded technology to rebound quickly if market conditions stabilise. He remains positive on retail-focused NBFCs, highlighting opportunities in players like Bajaj Finance after recent corrections, while avoiding gold financing companies. Choksey is also constructive on large banks and frontline companies for gradual upside and maintains a structural bullish view on metals as a multi-quarter opportunity despite short-term volatility.