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.
ICICI Securities Report
Our channel checks suggest cement demand has further improved by 8-10% month-on-month in October 2020 on the back of approximately 20% month-on-month improvement seen during September 2020.
This would translate to mid-teens YoY growth for October 2020 on low base (down approximately 8% YoY during October 2019) due to shift of festive holidays to November 2020 this year.
Management as well as consensus commentaries on FY21E demand outlook are likely to turn incrementally positive.
Click on the attachment to read the full report:
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
