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.
Nirmal Bang Report
Based on our channel checks, we expect January 2022 sales to be relatively weak due to supply constraints (chip shortages which are gradually abating) and lower footfalls amid rising concerns about the third Covid-19 wave.
However, we are expecting a gradual improvement on month-on-month basis in passenger vehicles, led by receding supply constraints. In commercial vehicles, we expect the volume momentum to moderate marginally, but see strong underlying demand drivers remaining intact.
Further improvement in freight availability (as economic activities gather pace) and stable demand from infrastructure and construction sectors should support commercial vehicle demand in the coming months, in our view.
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 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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
