Mid-Caps Q1 Preview - Flattish Sequential Growth In The Offing: Reliance Securities

A data graph tracks the movement of stocks. (Photographer: Alex Kraus/Bloomberg)

Mid-Caps Q1 Preview - Flattish Sequential Growth In The Offing: Reliance Securities

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.

Reliance Securities Report

The mid-cap companies under our coverage universe are expected to witness flattish sequential growth in Q1 FY22, as strong demand momentum witnessed in H2 FY21 was halted due to the second Covid-19 wave from mid-April 2021 with utilisation declining by 30-40% in April-21 and May-21.

Demand also remained subdued during this period due to limited market hours across several states.

However, gradual improvement was witnessed from June-21 onwards with steady decline in Covid-19 caseload in most states.

Click on the attachment to read the full report:

Reliance Securities MidCap Q1FY22 Results Preview.pdf

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