Deven Choksey Explaine Why HDFC Bank, Reliance And ITC Are Struggling Despite Better Earnings

Despite sharp declines in stocks like HDFC Bank, Reliance Industries, ITC and ICICI Bank, Deven Choksey believes the problem is not with fundamentals but with perception. Choksey argues that these companies have continued to deliver solid results and improving business outlooks over the last several quarters. However, investors are not getting enough visibility into their long-term growth strategies. He says companies need to communicate more frequently and clearly with investors through investor days and management interactions. His key takeaway: valuations are attractive, earnings remain strong, but perception has failed to keep pace with fundamentals—a gap that could create opportunities for long-term investors.