Market to remain elevated until Budget: Elara Capital

Harendra Kumar of Elara Capital is positive on consumer-driven sectors.

In an interview to CNBC-TV18, Harendra Kumar of Elara Capital shared his reading and outlook on the market and stocks across various sectors. The market will remain elevated till the Budget since most of the news momentum that will be flowing is expected to be positive, he said.

On specific stocks, he is positive on consumer-driven sectors. Also, the ongoing decline in global crude oil prices makes paint companies and PVP pipes companies attractive. He expects these stocks to head higher in the next six-12 months.

However, he is not too upbeat on oil marketing companies.

For the complete interview watch the accompanying videos

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