ICICI Direct: Muhurat Picks – 2020 
Brokers trade as ceremonial purchases of stocks are made during the session marking Diwali at the Bombay Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Direct: Muhurat Picks – 2020 

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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.

ICICI Direct Report

The year 2020 witnessed unparalleled disruptions led by the outbreak of Covid-19, which was followed by locking down of economies, thus bringing the entire value chain and economy to a grinding halt.

An average of two months was lost due lockdown, impacting the overall performance of companies in Q1 FY21.

However, beginning Q2 FY21, gradual recovery was seen across sectors led by lockdown lifting, pent-up demand and resumption of industrial activities.

The first leg of Q2 earnings, especially on sectors like IT, cement, etc, has shown a resilient performance and better-than-expected earnings.

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ICICI Direct Muhurat Pick 2020.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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