KRChoksey: Q2 Post Earnings Review - Phase-Wise Unlocking Drives Gradual Recovery
A chart is displayed on a computer sceen on the floor of the New York Stock Exchange in New York. (Photographer: Daniel Acker/Bloomberg)

KRChoksey: Q2 Post Earnings Review - Phase-Wise Unlocking Drives Gradual Recovery

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.

KRChoksey Report

Gradual lifting of lockdown through phase-wise unlocking led to recovery in supply-chain operations, capacity utilisation and improvement in demand.

Sectors like cement and auto reported traction in demand and higher government spending on infrastructure projects.

However, re-imposition of lockdown in certain areas may lengthen the recovery phase of the overall economy.

As revenue growth is still in the recovery mode, companies continue to focus on maintaining cost to facilitate operating margins.

Companies have reported that demand in some rural areas are returning to pre-Covid-19 levels, while urban areas are still below normalcy.

Click on the attachment to read the full report:

KRChoksey Research Q2FY21 Consolidated Post Earnings Review .pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.