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 Direct Report
We expect strong YoY revenue growth for construction companies driven by a depressed base, albeit a decline on a QoQ basis on account of the second wave.
For real estate companies, sales volumes are expected to come off sequentially, though much better than washout base of Q1 FY21.
We anticipate residential sales momentum to take a breather in Q1 FY22E owing to second wave.
On a medium term, triggers such as pent up demand, benign interest rates, launches will continue to boost momentum, going ahead.
Order inflows across the construction universe were impacted owing to the second wave.
On the execution front, we expect construction companies to witness robust growth YoY on a washout base (our coverage topline was down ~36% in Q1 FY21).
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.
