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.
Motilal Oswal Report
It is now commonplace to highlight the divergent trends between the record-high equity markets and declining to marginal growth in economic activity.
In this note, we argue that such divergent trends should not be surprising, considering that the former is entirely linked with the performance of listed companies, while the latter has a much broader scope.
The strong performance of the equity market is a reflection of the fact that the gross value-added of the listed non-financial companies grew ~14% YoY in H2 CY20 and 36% YoY in Q1 CY21.
The GVA of the rest of the economy, however, shrank ~2% YoY in H2 CY20 and grew 6.7% (slower than the pre-Covid-19 trend) in Q1 CY21.
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.
