Where Is The Smart Money Moving? Elara Capital Reveals Its Key Market Themes

Elara Capital is identifying opportunities across consumer discretionary, with autos and digital consumption emerging as key themes. The auto space remains attractive with names such as Eicher Motors, Bajaj Auto and Maruti Suzuki, while auto ancillaries are also showing strong growth. Maruti’s margins faced pressure, but there is optimism that profitability can improve. In digital consumption, Nykaa continues to deliver strong compounding growth, while Paytm offers exposure to UPI and merchant lending. Harendra Kumar, MD - Institutional Equities, Elara Capital, explains how these large, mid and small-cap ideas fit into the firm’s active bets for the rest of the year.