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.
Axis Securities Report
After a strong recovery in the second half of FY21, the auto demand was impacted in Q1 FY22 due to the lockdown restrictions imposed in response to the second Covid-19 wave and consequent demand disruptions.
Q1 FY21, too, was impacted in a similar way, thereby making a YoY comparison unviable.
The strong sales growth momentum was decimated during the quarter due to the lockdown restrictions across states.
The volumes started to rebound in June 2021 led by robust pent-up demand post-economic reopening and lower base effect.
With easing lockdowns, retail sales seem to be coming back, albeit gradually.
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, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
