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Nirmal Bang Report
Through this note we have raised estimates and target prices of our coverage universe yet again after doing it earlier in our Sept. 06, 2020 note (Rising monetary and digital tides lifting most boats).
This follows widespread positive commentary across companies in September 2020 that near term demand is stronger than earlier anticipated on accelerated digital adoption.
On top of this, we see some cross-currency tailwind, which would add 100-200 basis points to QoQ growth across most of our coverage universe in Q2 FY21.
We have also finetuned our estimates for a few acquisitions that have been announced.
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