BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
September 2020 dispatches are a sign of strong festive demand expectations of original equipment manufacturers as second phase of festive season kicks off in October 2020 post ‘pitrupaksh' and ‘Adhik mass'; however, channel inventory has started to exceed normal levels (our estimate five to six weeks) in October 2020.
Thus, we expect wholesales to start tracking retail trends post October 2020, sustained production growth would remain contingent on retail off take.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
