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Elara Securities Taps ICICI Bank as Top Pick Amid Strong Auto Demand Outlook
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CNBC TV18•01-10-2026, 09:55
Elara Securities Taps ICICI Bank as Top Pick Amid Strong Auto Demand Outlook
- •Elara Securities names ICICI Bank its top high-conviction stock pick, citing attractive valuations and strong growth visibility in the banking sector.
- •Bino Pathiparampil, Head of Research at Elara Securities, highlights minimal risks and excellent execution within the banking sector, favoring it over life insurance and power utilities.
- •The brokerage maintains a positive outlook on the automobile sector, expecting robust auto and general consumption demand through the festive season and into the next quarter.
- •Rising raw material costs pose a threat to auto sector profitability, potentially leading automakers to pass costs to consumers and risk dampening demand.
- •Elara Securities adopts a wait-and-watch approach for the auto sector, acknowledging that future demand and margin stability depend on external factors like oil prices and geopolitical risks.
Key Questions Answered
Elara Securities selected ICICI Bank as its top pick due to attractive valuations in the largecap space following recent time and price corrections, alongside strong growth visibility, minimal risks, and excellent execution.
Elara Securities maintains a positive stance on the automobile sector, expecting auto and general consumption demand to remain robust heading into the festive season for the current and upcoming quarters.
Rising raw material costs pose a looming threat to profitability, which could cause company margins to take a hit and lead automakers to pass price increases on to consumers over the next one to two quarters.
