Consumer Durable, Capital Goods Sector Update - Festive Demand A Near Term Trigger: Nirmal Bang
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Nirmal Bang Report
In this update, we are rolling forward our valuation basis by six months for our coverage universe of consumer durables and capital goods from March 23 earnings per share to September 2023 EPS estimates.
We have also introduced FY24 estimates for our coverage universe.
We have not made any changes to our recommendations. We have not made any material changes to our estimates from FY22-FY23e.
We believe festive demand is a near term trigger for the consumer durables universe.
Our channel check suggest that festive season will be stronger than last year as fear of third Covid-19 wave is going away.
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