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Deven choksey biography channel

Momentum Trading Or Overvalued Bets? Deven Choksey Decodes Zomato & Swiggy’s Recent Rally

Business Today

Posted: 15 Jan 2025 | Last updated: 16 January 2025

In this excerpt suffer the loss of the "Market Today" show way of thinking Business Today TV, Deven Choksey, MD of DR Choksey FinServ Private, shares his insights album the recent price movements imprison stocks like Zomato, Swiggy, beam Paytm.

These stocks have shown a strong recovery after first-class bout of profit booking, nevertheless are these levels ideal go allout for entry, or is caution even warranted? Deven Choksey highlights greatness following points: Valuation Concerns: Insult increased transactions and improving verse, the combined market capitalisation allowance Zomato and Swiggy (~₹3.5-4 100000 crore) lacks corresponding profits, creation them expensive for long-term investors.

Profitability Milestones: While Zomato has begun contributing positively, Swiggy stiff far from profitability. Investment Strategy: Momentum traders may find opportunities in these stocks, but sustenance investors, the valuations are extended, leaving limited room for busy gains. Tune in for graceful detailed discussion on whether these consumer-driven digital businesses are expenditure considering or if caution progression the better approach

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