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.
ICICI Securities Report
It is fair to assume CY20 did not go as per plan (thanks to Covid-19) for most and the auto sector too was impacted as mobility needs got constrained in first half of the year due to lockdowns.
However, second half was a story of pent-up demand release and growing industry optimism.
As we move into CY21, we find ourselves forecasting strong double-digit industry growth (aided by base effect: H1 CY20) while assuming a continuation of more of the same trend (rural outperforming urban).
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.
