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Auto Numbers - March 2021 - Acuité Ratings & Research


Auto Numbers - March 2021 - Acuité Ratings & Research
Posted On:
Mr.Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research on Auto Nos - March 2021:
PV Segment
The data released by the PV manufacturers for March 2021 indicates a continuing buoyancy in demand, supported by the significantly low base in the previous year (March 2020) arising from the transition to BS VI vehicles and the onset of the Covid lockdown. The overall PV volumes for the top 11 companies recorded a very sharp growth of around 125% on a YoY basis but the growth print is relatively moderate at 4% on a sequential basis (month on month). The sales of the market leader, MSIL reflect a similar trend with domestic PV growth at 92% on a YoY and 1.0% on a MoM basis. We believe that the consumer sentiments in the PV segment remain positive due to preference for personal mobility, a significant number of new and competitively priced product launches particularly in the Compact SUV segme ....

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Information Technology Sector Q4FY21 Results Preview - HDFC Securities


Information Technology Sector Q4FY21 Results Preview - HDFC Securities
Posted On:
2021-04-01 04:54:18
(Time Zone: Arizona, USA)
Mr. Apurva Prasad, Institutional Research Analyst, HDFC Securities & Mr. Amit Chandra, Institutional Research Analyst, HDFC Securities.
Information Technology Sector (Q4FY21 Results Preview) - Encore
Following the decade-best 3Q growth, we expect an encore with the sector (coverage universe) set to post decade-best 4Q sequential performance. The pandemic has evidently accelerated the digital transformation agenda and key lead indicators remain positive. Over the 5% QoQ posted in 3QFY21 (and 6% in 2Q), we expect the sector to deliver 3.9% QoQ. Ramp-up of large deals, broad-based momentum and positive cross currency will support growth. While growth print is expected to be homogenously positive, divergence in operational performance dashboard is driven by (1) wage increase schedule (deferred earlier), (2) accelerated pace of h ....

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