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Motilal Oswal Report
This festive season is very crucial as it will give more clarity on demand recovery post the lockdown.
Though the festive season saw a slow start, market is optimistic about ending it with flat-to-single-digit growth.
Current discounts are 30-40% lower than last year and inventory levels are also in line with expected demand.
For October 2020, most original equipment manufacturer plants have further improved utilizations on month-on-month basis.
With expected Kharif cashflow in November 2020, markets are optimistic of higher sales.
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