BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICi Direct Report
The auto industry recorded a credible recovery in Q2 FY21, with manufacturing and distribution activities sustaining an upswing in each successive month during the period.
Rural and semi-urban India continued to lead the charge amid healthy sentiment and cash flows courtesy lower Covid-19 incidence, normal monsoon progress, strong Kharif sowing and ongoing policy support for farm incomes and rural infrastructure.
The revival was most visible in discretionary pockets i.e. two-wheelers, tractors and passenger vehicles, with commercial vehicles (particularly buses) and three-wheelers still lagging the overall industry.
A strong showing in August and September, in particular, was partly due to an element of inventory build-up ahead of the upcoming festive period.
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 brokerage 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