With the bar for the Business excellence set high, the Industry is synonymous with innovation and creativity. The Indian M&E Industry, i.e. Media and Entertainment Industry is making high growth strides and proving its resilience to the world. Banking on the technology, the sector has seen tremendous growth in last few years.
The Market Dynamics:
India’s petroleum product consumption grew at one of the highest levels in five years in Aug’16, rising 11.4% YoY to 15.8mmt (vs. +9.5% YoY on a rolling three-month basis). Diesel/petrol led the way, growing at 14%/25% YoY. Consumption of other industrial and commercial products such as ATF, fuel oil and petcoke also surged, pointing to robust economic activity. Kerosene consumption
Demand Set to Accelerate in 2HFY17E on Strong Project Segment Sales & Rural Demand Uptick
We believe 2HFY17E would witness a favourable demand environment mainly driven by pick-up in construction of projects awarded in last 12-18 months and likely improvement in rural demand on the backdrop of favourable monsoon and disbursal of pay-outs following
NIFTY PHARMA Current Close: 11818.80 Trend : Negative
* NIFTY PHARMA is one of the underperforming the sectoral indices over last one odd year, as while the benchmark NIFTY 50 created fresh 52 week HIGHS, the NIFTY PHARMA still seems to struggle to cross it’s 3 month HIGH.
NIFTY PSU BANK Current Close: 3287.95 Trend : Positive
* NIFTY PSU BANK is one of the most outperforming sectors amongst the indices last week, as it has moved up sharply by 5.08%, as against an up move of 0.65% in benchmark NIFTY 50.
* In the last week, the Sector has breached
Central institutions such as NTPC and the SEBs - State Electricity Boards continue to dominate the power sector in India. The nation has adopted a blend of hydel, thermal and nuclear sources with an aim to increase the availability of electricity. Thermal plants account for about 60 per cent of the total power generation capacity in the country, followed by hydro-electricity (15 per cent share)