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 unchanged at 6.3% YoY in June 2021. The number was marginally above our expectation of 6.1%, but below the Bloomberg consensus of 6.6% YoY in June-21.
More importantly, price data for June-21 was collected from ~80% of the markets, compared with ~68% in May-21, implying better reporting as lockdown rules eased in several states last month.
Separately, index of industrial production grew 29.3% YoY in May-21 (against growth of 134.6% YoY in April-21 and decline of 33.4% YoY in May-20) – above our expectation of 15.6% YoY, but marginally below the Bloomberg consensus of 32% YoY.
Notably, IIP numbers for February-21/April-21 were revised up to down 3.2%/134.6% YoY (from down 3.4%/134.4%).
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