ICICI Securities: Q2 FY21 Mid-Season Earnings Review 
A stockbroker holds a calculator as he monitors stock price information on his computer screens at Shore Capital Group Ltd. brokerage in London, U.K. (Photographer: Matthew Lloyd/Bloomberg)

ICICI Securities: Q2 FY21 Mid-Season Earnings Review 

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 Securities Report

Low expectations after one of the sharpest downgrades to Nifty 50 forward earnings (more than 30%) since global financial crisis due to the impact of Covid-19 is helping higher number of beats thus far during Q2 FY21.

However, apart from low expectations, positive demand emanating from rural India, government spending, export markets, and essentials is also helping the earnings picture.

Lower input cost and cost control in general is helping profit margins.

Click on the attachment to read the full report:

ICICI Securities Strategy Q2FY21 Earnings Oct20.pdf

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