India Chartbook For May: Dolat Capital
A trader monitoring a chart. (Photographer: Jason Briscoe/Unsplash)

India Chartbook For May: 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 March-April 2021 reflects the base effect of last year 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.

Whether this extends into June, at least partially, remains to be seen.

Key industrial sectors witnessed jump in production growth for March-21- Index of industrial production (up 27% YoY), durables (up 55%), steel (up 23%), cement (up 32%).

Fertilisers sector de grew 5% YoY on a negative base of 12%. Electricity generation growth for April 2021 increased 38.7% YoY.

This continued strong growth through the last couple of quarters.

Click on the attachment to read the full report:

Dolat Capital India Chart Book.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 author entity and do not represent the views of BloombergQuint.

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