BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The key highlights of our May 2022 edition of ‘The Eagle Eye' are:
India underperformed in May-22, but still stands out and is outperforming global markets in CY22 till date, despite several macro headwinds, even as midcap/smallcap indices lag. In less than six months, the underperformance in IT has shaved off 300 basis points from its weightage in the Nifty.
Activity: Average daily cash volumes fell to Rs 619 billion – a five-month low, while non-institutional participation declined to 48% of total cash volumes in May-22 versus 58% in April 2022.
IPO rush: Around 45% of companies that listed in the last one-year are trading below their offer prices
Corporate earnings in Q4 and FY22 were resilient, with the Nifty earnings per share up 35% – the highest since FY04. Forward estimate revision for FY23 was stable. While gross domestic product growth was muted at 4.1% for Q4 FY22, the high-frequency macro data indicators show continued healthy trends (goods and services tax collection and Purchasing Managers' index readings).
Flows: foreign institutional investor outflows continued for the eighth consecutive month. In CY22 till date, outflows stood at $22.2 billion, but were compensated by domestic institutional investor inflows of $20.7 billion.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
