Sector Report

Oil and Gas Sector Update - BPCL: Moves closer to ..

BPCL: Moves closer to divestment, upgrade to Buy * With the lifting of COVID-related lockdowns, while various industries see an uptick in demand, margins, new business..

Sectoral indices – Relative to benchmarks By ICI..

Technical Outlook - Pharma * The Healthcare index witnessed healthy profit booking in February, after two month rally, which augurs well for larger uptrend * In rel..

Investment Idea : Buy Larsen & Toubro Ltd For Targ..

Improved outlook Larsen & Toubro (L&T) is an Indian technology, engineering, construction, manufacturing and financial services conglomerate with global operat..

Banking and NBFC Sector Update - Ears to the groun..

Ears to the ground: From new normal to super normal * HFCs/NBFCs’ market share losses in housing continue; private auto segment too joins the trend: The trend of..

Insurance Sector Update - Motor premium growth sof..

Motor premium growth softens, health outperforms in Jan’21 Jan’21 witnessed a slowdown in GDPI due to motor segment. Motor GDPI growth slowed down to 4% Yo..

NBFC Sector Update - Key regulatory announcements ..

Key regulatory announcements in the MPC meeting Incentivizing flow of credit to the MSME segment; RBI to issue uniform guidelines for microfinance lenders The Reser..

FMCG Sector Update - Divergence narrows; refocus o..

Divergence narrows; refocus on core The HSIE Consumer-Index sales indicated a sustained recovery with growth of 7% YoY in 3QFY21 (+5% in 3QFY20, +1% in 2QFY21) as easi..

Financials Sector Update - MSME credit grows by 3...

MSME credit grows by 3.5% QoQ MSME originations in Private Banks back to pre-COVID levels * As per the latest MSME Pulse report by TransUnion CIBIL, total MSME cre..

Oil and Gas Sector Update - PM Modi commits to bri..

PM Modi commits to bringing gas under GST, but more clarity awaited * Prime Minister Modi yesterday stated centre trying to eliminate the cascading effect of different..

Aviation Sector Update - PLFs dip in Jan 21 Indigo..

As per Jan’21 DGCA release, major airlines have seen a marginal dip in their PLFs, except Air Asia (up 200bps) and Vistara (up 300bps) MoM. SpiceJet continues to re..

Telecom Sector - Steady active subscriber addition..

Bharti continues to lead the industry; VIL subscriber decline continues The Telecom Regulatory Authority of India (TRAI) released data for Dec’20. Here are the ..

Cement Sector Update - Demand has improved, but pr..

Demand has improved, but pricing remains muted North and West see hikes, but South and East on the decline Our channel checks indicate the seasonal uptick in deman..