The latest analysis and commentary by stock market guru Deven Choksey on what is moving the markets today.

On two-wheelers, Deven Choksey said, “The strategy plays out well with companies like Eicher Motors and Bajaj Auto, where they have value added products to talk about and where the demand is really been very supportive for them. Certainly, with the export component contributing significantly, particularly for Bajaj Auto vis-à-vis TVS Motor, Bajaj Auto could be possibly a better choice going forward.”

He further added, “Bajaj Auto should be a better choice as compared to TVS Motor as of now.”

Tata Steel is a clear preference for Deven for couple of reasons. They have done the restructuring of their UK subsidiary and the pension scheme is out of the way.

Thyssenkrupp joint venture could possibly take place that is what the indication is from the company. So one would remain hopeful about the UK operations going into the positive territory hereon.

All in all put together the profits are likely to rise and volumes are also likely to rise. Steel prices are firming up in the global markets that should add to the advantage. So, he is positive on Tata Steel.