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 moderately higher at 4.48% YoY in October 2021 (versus 4.35% YoY in September 2021).
The number is in line with our expectations as well as the Bloomberg consensus. Food inflation came in at 0.9% YoY in Oct-21, after 2.5-year-low food inflation at 0.7% YoY in Sep-21.
The items driving this marginal increase were 'cereals and products,' 'fruits,' 'milk and products,' and 'sugar confectionary'.
These items constitute more than 20% weight in the food basket. Notably, ‘fuel and light’ inflation continued rising and came in at 14.3 % YoY in Oct-21 (versus 13.6% YoY in Sep-21).
Separately, index of industrial production growth stood at 3.1% YoY in Sep-21 (versus 12% YoY in Aug-21).
The number is lower than our expectation of 4.4% and the Bloomberg consensus of 4.8% YoY. Notably, IIP growth for June/August 2021 has been revised upwards to 13.8%/12% YoY (from 13.6%/11.9% YoY).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR