Choksey sees Reliance upside and FMCG recovery opportunity
In short
Deven Choksey said Reliance Industries looks strong, helped by better refining margins and possible value unlocking in Jio Platforms. He also said beaten-down FMCG stocks like HUL, Nestle India and ITC could rise 15% to 20%.
This matters for investors watching large-cap stocks and consumer names. The report does not say when the move may happen or give an official company update.
What the reporting says
Deven Choksey said Reliance Industries has strong fundamentals, with expected support from refining margins and possible value unlocking in Jio Platforms, while also flagging recovery potential in beaten-down FMCG stocks such as HUL, Nestle India and ITC. He also remained positive on exchange stocks. The report does not give a target price or timeline, so the immediate investment call remains a broker view.
Why it matters
Deven Choksey’s comments point to possible upside in Reliance Industries, exchange stocks and select FMCG names based on reported strength in refining margins and a possible Jio Platforms value unlock. The CNBC TV18 Market summary does not provide fresh company filings or a confirmed transaction, so the catalyst and timing remain uncertain. The note mainly reflects a market view on stock selection rather than a formal corporate event.