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This Article is From Mar 01, 2021

Industry Charts: CARE Ratings

Industry Charts: CARE Ratings

Industry Charts: CARE Ratings
Chemical plants at the Gujarat Industrial Development Corp. (GIDC) township in Ankleshwar, Gujarat, India. (Photographer: Kanishka Sonthalia/Bloomberg/Bloomberg)

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.

CARE Ratings Report

Industry data from April 2020 to January 2021 shows a 20% decline year-on-year in passenger vehicle sales, a 16% increase in agrochemicals, sharp cuts in the sales of refrigerators, airconditioners, gems and jewelry, apparel...

In FMCG goods, food and shampoo fared well, whereas toothpaste, vegetable oil and milk are still lagging in year-on-year growth.

In infrastructure, while the pace of highway construction has outperformed the year ago period, cement and power sales are still lower. All capital goods sales are lower than the year ago period by 20-50%.

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.

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