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.
ICICI Securities Report
Low expectations after one of the sharpest downgrades to Nifty 50 forward earnings (more than 30%) since global financial crisis due to the impact of Covid-19 is helping higher number of beats thus far during Q2 FY21.
However, apart from low expectations, positive demand emanating from rural India, government spending, export markets, and essentials is also helping the earnings picture.
Lower input cost and cost control in general is helping profit margins.
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.