Sector Report

Hotel Sector Update - Recovery to be further aided..

Recovery to be further aided by foreign tourists India to open up for foreign tourists * As per a media article, Union Home Ministry officials are in talks with sta..

Metal Sector Update - Steel: Domestic prices edge ..

Steel: Domestic prices edge up Domestic HRC price in traders’ market rose further by 3% WoW on average. Rebar prices in both secondary and primary markets rose t..

Real Estate Sector Update - Residential: Diwali co..

Residential: Diwali comes early While initial expectations were for new residential launches to commence from Oct’21 to coincide with the beginning of the festiv..

Auto Sector Update - Auto PLI unveiled; focus on c..

Auto PLI unveiled; focus on clean, advanced mobility The government has approved the Production Linked Incentive (PLI) Scheme for auto sector. The scheme is aimed at i..

Telecom Sector Update - Government relief to ensur..

Government relief to ensure VIL survival for now… The Union Cabinet announced the telecom relief package. While most of the relief has prospective impact, the m..

IT Sector Update - Netflix: Growth accelerates str..

Netflix: Growth accelerates strongly Netflix posted strong Q3CY21 numbers—revenue grew 1.9% QoQ/16.3% YoY to USD7.48bn, in line with Street’s estimate and ..

Auto Sector Update - Commodities plateauing? Don`t..

Commodities plateauing? Don’t party yet In our Commodities Spike note, we highlighted that auto stocks always underperform in an inflationary period. Surprisingl..

Power Sector Update - Torrent acquires CESC’s wi..

Torrent acquires CESC’s wind assets – win-win for both Torrent Power (TPW) has entered into an SPA for 100% acquisition of Surya Vidyut Limited, a wholly-o..

Auto Sector Update - PV wholesales impacted by sem..

PV wholesales impacted by semiconductor shortage e-2W continues to see higher inquiries; Tractor demand softens * Aug’21 demand reflects initial signs of reco..

Industrials Sector Update - Exports continue to sh..

Exports continue to shine, margin pressure building up After subdued performance in Q122, industrial companies (ex-BHEL and GETD) are likely to grow by 18% YoY and 24%..

Cement Sector Update - Price sustenance is key By ..

Price sustenance is key * We hosted three dealers from different parts of India at our ‘Emkay Konnect’ Festive Conference held on October 11, 2021. * Ke..

Aviation Sector Update - Average daily fliers inch..

Average daily fliers inch up towards 250k; PLFs remain steady Weekly average daily fliers came in at 240k in the week ended (W.E) 02nd Oct’21 vs 231k in the W.E...