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.
Nirmal Bang Report
Wholesales for September were on expected lines as the channel had sufficient room for inventory built-up.
Also, original equipment manufacturers want to ensure no retails are lost due to insufficient inventory.
Retails were lower YoY in September due to Shraadh and Adhik Maas periods giving OEMs an opportunity to build inventory.
Retail sales in October till-date have been on a lower side. However, retails are expected to improve from next week onwards with the start of the festivals.
Footfalls and enquiries have been 15-20% lower compared to last year, which is a cause of concern.However, the quality of footfalls has improved looking at the seriousness of potential customers.
Thus, the conversion rate is expected to increase going forward by approximately 100-200 basis points from normal level of 12-14%.
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.
