India Chartbook For July: Dolat 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.
Dolat Capital Report
The macroeconomic data for April-May 2021 reflects the base effect of last year’s complete lockdown of the economy in response the first wave of Covid-19.
Hence it may not be very useful to draw extrapolated trends for the months ahead, and it is more so now with the lockdown effect at play in April and May.
The limited data for June with-respect-to industrial production, vehicle sales, and consumption indicators alludes to some recovery in demand even as demand continues to remain below pre-pandemic levels.
Key industrial sectors witnessed jump in production growth for April 2021 - index of industrial production (up 29% YoY), durables (up 98%), steel (up 59%), cement (up 7.9%).
Fertilisers sector negative down 10% YoY on a positive base of 7.5%.
Electricity generation growth for June 2021 increased 7.2% YoY. This continued strong growth through the last couple of quarters.
Click on the attachment to read the full report:
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 author entity 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.