Elara prefers LG Electronics, sees long-term upside in Polycab
In short
Elara Capital says it prefers LG Electronics India and still sees strong long-term potential in Polycab. CNBC TV18 Market quoted Harshit Kapadia of Elara Securities saying consumer durable makers are facing near-term margin strain.
The note also says cables and wires are under pressure for now. Even so, Elara remains positive on selected companies in the space.
What the reporting says
Elara Capital prefers LG Electronics India and sees strong long-term potential in Polycab, according to a CNBC TV18 Market summary. Harshit Kapadia of Elara Securities said consumer durable makers are facing near-term margin strain, while the firm remains positive on selected names. The note also points to pressure in cables and wires, even as the broader view stays constructive on some players.
Why it matters
The market call highlights pressure on consumer durable makers as margins come under strain, while Elara keeps a preference for LG Electronics India and a positive longer-term view on Polycab. The commentary is also negative near term for cables and wires. This is a sector-selection note rather than a company action, and it mainly affects investor sentiment around consumer durables and related electrical names.