Motilal Oswal: Divergence - The Story Of 2020 So Far
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Motilal Oswal Report
CY20 would go down in the annals of history as a year of volatility, unpredictability, pessimism, divergence and optimism.
The unlocking of the economy since June 2020 has led to significant recovery in various macro, micro and high frequency data points.
In our Q2 FY21 strategy preview, we have discussed how Q2 FY21 earnings are expected to show sharp sequential recovery and almost move into pre-Covid-19 band of up /down 5% earnings growth.
However, the defining feature of equity market performance in CY20, so far, has been the sharp divergences across and within sectors and companies.
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