Capital Market Strategy And Top Idea Picks: IDBI Capital
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.
IDBI Capital Report
Global Market Performance: In September 2021, S&P 500 is down by 4.8% month-on-month and IT heavy Nasdaq is down by 5.3% month-on-month. Value stocks outperformed growth stocks in month as treasury yield has increased in the U.S.
India Performance: In YTDFY22, Indian equity market has delivered one of the best performance versus other markets. In Sept-21, Nifty50 is up 3% month-on-month and sector wise media, realty, energy indices is sharply up month-on-month.
Earnings Performance: Consensus modeling Nifty-50 earnings per share to increase by 40%/11% YoY for FY22E/23E and upcoming Q2 FY22 earnings season will be watched on the growth trend.
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