Research Reports published by ICICI SECURITIES LIMITED

Construction Materials    
SECTOR | 06 Oct 2022, 12:00AM
ICICI Securities Limited
Our channel checks suggest industry volumes in Sep’22 may report high single digit
MoM growth owing to lower prices of steel and cement, lower rainfall (vs normal) in
high-density areas of UP, Bihar and WB.
ICICI Securities Limited released a Sector Update report for Construction Materials on 06 Oct, 2022.
Phoenix Mills Ltd.    
06 Oct 2022, 12:00AM
1424.75
3.62%
ICICI Securities Limited
The Phoenix Mills’ (PHNX) FY21 and FY22 operations were impacted by mall shutdowns across India owing to successive Covid waves.
Number of FII/FPI investors increased from 253 to 269 in Jun 2022 qtr.
Cera Sanitaryware Ltd.    
06 Oct 2022, 12:00AM
5379.00
-0.14%
ICICI Securities Limited
Our interaction with dealers and industry participants indicates demand trends for
sanitaryware and faucetware continued to remain steady in Q2FY23 despite a strong
H1CY22.
Cera Sanitaryware Ltd. has gained 31.05% in the last 3 Months
Software & Services    
SECTOR | 06 Oct 2022, 12:00AM
ICICI Securities Limited
Over the past one year, the trajectory of NSE IT and NASDAQ has been similar. Both
indices are down 32% from peak (NSE IT peak: 39,371 on Jan 04, 2022 and NASDAQ
peak of 16,568 on Dec 27, 2021).
ICICI Securities Limited released a Sector Update report for Software & Services on 06 Oct, 2022.
Coal India Ltd.    
06 Oct 2022, 12:00AM
233.15
4.43%
ICICI Securities Limited
Coal India (CIL) has maintained strong operational growth on the back of increased production and higher rake loading, buoyed by high domestic coal demand and continued elevated international coal prices.
Coal India Ltd. is trading above all available SMAs
Oil and Gas    
SECTOR | 06 Oct 2022, 12:00AM
ICICI Securities Limited
Q2FY23E earnings for our oil & gas coverage universe may take a material hit from the continuous losses in fuel retailing, weak refining earnings QoQ, and the impact of windfall taxes on both crude price and refined product exports.
ICICI Securities Limited released a Sector Update report for Oil and Gas on 06 Oct, 2022.
Indian Economy    
TREND | 06 Oct 2022, 12:00AM
ICICI Securities Limited
US 10-year bond yield has spiked 140bps since Aug’22 to reach ~4% level while crude oil has fallen sharply below the US$90/bbl level after forming a peak at around US$130/bbl level earlier in the year.
ICICI Securities Limited released a Strategy Note report for Indian Economy on 06 Oct, 2022.
Other Financial Services    
SECTOR | 04 Oct 2022
ICICI Securities Limited
Equity exchanges reported all-round growth in volumes in Sep’22 (Aug’22 was also strong).
ICICI Securities Limited released a Sector Update report for Other Financial Services on 04 Oct, 2022.
Route Mobile Ltd.    
04 Oct 2022
1401.25
0.64%
ICICI Securities Limited
We recently interacted with Route Mobile Limited (Route) senior management for an update on key business developments.
Route Mobile Ltd. has an average target of 1520.00 from 1 broker.
Other Financial Services    
SECTOR | 04 Oct 2022
ICICI Securities Limited
In our view, Muthoot Finance’s (Muthoot) and Manappuram Finance’s (Manappuram) businesses are likely to continue with own-book lending (against co- lending practices started by some peers) and prefer the high yield/low ticket size buckets compared to low yields as seen in FY22.
ICICI Securities Limited released a Sector Update report for Other Financial Services on 04 Oct, 2022.