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.
ICRA Research Report
ICRA expects the growth to be strong in CY2021, due to strong Q1 CY2021 and low base of CY2020, though it is expected to remain around 15-17% compared to 15-20% estimated earlier.
Covid second wave along with increase in equipment price (following emission norms changes and steep increase in input cost) and erratic monsoons impacted volumes post Q1 CY2021.
While the volumes are expected to increase sequentially in Q3 and Q4 CY2021 compared to Q2 CY2021; contraction is expected on a year-on-year basis, given the high-base effect of last year.
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