Elara Securities remains bullish on the Nifty despite the index’s prolonged stagnation, with Managing Director and CEO Harendra Kumar maintaining that the 30,000 target is achievable over the next 15 months. He expects a 15%-20% market return as the rupee stabilises, foreign investor flows turn positive and earnings hold up, while favouring technology, power, NBFCs and smallcaps over yesterday’s large-cap darlings.
Edited excerpts from a chat with Kumar on the sidelines of Ashwamedh — Elara India Dialogue 2026.
