Elara Capital research reports

• investments

JSW Infra will see strong long-term growth visibility and earnings acceleration from FY28. Buy for target price of ₹393 (52% upside): Elara Capital

Arjun January 19, 2026 0

Logistics revenue increased to INR 1.9bn in Q3FY26, driven by higher domestic and EXIM...

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• investments

BEML is entering double-digit growth trajectory. Buy for target price of ₹2700 (60% upside): Elara Capital

Arjun December 20, 2025 0

We expect an earnings CAGR of 31% during FY25-28E with an average ROE of...

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• investments

APTUS is set for a re-rating. Buy for target price of ₹439 (38% upside): Elara Capital

Arjun November 2, 2025 0

Post the recent correction, APTUS is set for a re-rating

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• investments

CARTRADE is a net cash company, reflecting category leadership, low-CAC economics, and a clear monetisation runway. Buy for target price of ₹3590 (50% upside): Elara Capital

Arjun October 6, 2025 0

CARTRADE is well set to compound scale without stepping up CAC. We expect MUV...

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