Oil & Gas, Chemical, Telecom Sector Q3 Earnings Preview: 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.India’s gas consumption, which has witnessed 2.3% compound annual growth over FY17 - FY21, is expected to clock 9% CAGR over FY21 - FY24E, largely on account of: upcoming fertiliser capacities, which are expected to consume ~12 million metric standard cubic meter per day of gas;commencement of city gas distribution in more than 228 new geographical areas; andnew refining and petrochemical capacity.Indian specialty chemicals companies delivered a resilient performance in FY21 and the industry is set to grow to $40 billion by FY25E. 'China plus one' strategy is the key catalyst for global firms to turn towards India. We expect India’s telecom tower companies to face headwinds in the next two years led by: very minimal capex on the tower side, as public launch of 5G will take more than a year; andlikelihood of the tower companies becoming mere infrastructure providers, as the incremental capex of telcos will be incurred towards software upgradation only. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Oil & Gas, Chemical, Telecom Sector Q3 Earnings Preview: Reliance Securities

Oil & Gas, Chemical, Telecom Sector Q3 Earnings Preview: Reliance Securities

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