BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Consumer price index-based retail inflation came in at a 14-month low of 4.6% YoY in December 2020 (versus 6.9% in November 2020 and 7.4% in Dec-2019) on lower food inflation.
The same was exactly in line with our expectation, but lower than market consensus of 5%.
Food inflation came in at a 16-month low of 3.5% YoY in Dec-20 as compared to 9.5% in Nov-20 and 14.1% in Dec-2019.
Separately, the Index of Industrial Production declined 1.9% YoY in Nov-20 from a growth of 3.6% YoY in the preceding month.
The decline is worse than both the market consensus of down 1% and our forecast of a minor contraction of 0.1% YoY.
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