ECONOMY

Cyclicals To Drive Q4 Earnings; Rising Covid-19 Cases A Headwind: Motilal Oswal  

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.

FY21 has been a stellar year for the markets as all the mainstream indices have delivered solid returns on the back of sharper-than-expected economic and corporate earnings recovery.

The Nifty is expected to end FY21 with healthy 13% earnings growth, the highest since FY11, despite the challenges posed by the Covid-19 pandemic.

1. Broad market share shifts toward organized corporates across sectors and

2 prudent cost optimization measures catalyzed this 13% earnings growth in a year when nominal gross domestic product is expected to decline 4% YoY.

Q4 FY21 is likely to be another strong quarter as high-frequency data points indicate decent economic recovery. However, a spike in Covid-19 cases in the second wave has started somewhat muddying the outlook.

Click on the attachment to read the full report:

Motilal Oswal India Stretegy Earnings Drought To End Finally.pdf

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