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Auto momentum strong but consolidation likely; Maruti, M&M, TVS remain top picks: Jay Kale, Elara Capital

Auto momentum strong but consolidation likely; Maruti, M&M, TVS remain top picks: Jay Kale, Elara Capital

Elara Capital’s Jay Kale expects India’s auto sector to consolidate after strong festive sales and GST-cut-led demand. Maruti Suzuki, M&M, and TVS Motor continue to remain top picks as small-car sales rebound and tractor demand holds firm. Sustained growth be…

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