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.
Nirmal Bang Report
The BSE Realty index has appreciated by 52.8% from its low struck in mid-March post the impact of the Covid-19 pandemic. In our view, the BSE Realty index’s rise is a case of misplaced optimism.
Our view is based on two key points -
1. While we agree that residential sales have increased sharply from October 2020, many experts have said that this is a case of pent-up demand and that growth will peter out from February-March 2021.
2. Strong growth in realty office vertical has slowed sharply, with many companies re-examining their requirements post the impact of the pandemic.
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