Trendlyne Analysis Broker Research reports

India’s chemical industry today is at a crossroads – on one side, the weather has turned unpredictable, with thunderstorms and dry patches coming unexpectedly, and the El Nino driving temperatures up worldwide. This has taken a toll on agrochemical consumption.

Retail sales for the automobile industry reached a record high in November 2023, up 18.5% YoY to 28.5 lakh units. Two-wheeler retail sales increased by 21.1% YoY to around 22.5 lakh units, while car retail sales rose by 17.2% YoY to 3.6 lakh units.

All segments of the industry, except for CVs and tractors, observed a YoY rise during this period.

The total value of credit card transactions rose by 38% YoY to Rs 1,78,981.8 crore. The number of cards outstanding increased by 19.3% YoY. Private sector banks grew by 41.9% YoY in terms of value of transactions.

Total number of passengers carried by domestic airlines rose by 18.3% YoY in September to 122.5 lakh. Total departures by scheduled carriers also increased by 9.7% YoY to 84,088

The hotel industry in Q2FY24 delivered a performance similar to its first-quarter, as market conditions and demand dynamics stayed unchanged. Although the July -September quarter is traditionally the weakest for the industry, it maintained its momentum.

Automobile wholesales of listed companies rose by 28.5% YoY, but declined by 17.4% MoM to 14.5 lakh units in November. Meanwhile, exports were up 5% YoY to 2,34,481 units.

Domestic two-wheeler wholesales of listed companies increased by 38.9% YoY to 10.6 lakh units and passenger vehicles rose by 5.5% YoY to 2.2 lakh units.

India's total wireless subscriber base saw a substantial increase of 15.2 lakh subscribers on a net basis, reaching 114.8 crore in August.

Reliance Jio and Bharti Airtel gained subscribers, while Vodafone Idea and BSNL continued to lose them.

After a 19-year hiatus, the Tata Group is back with its Tata Technologies IPO. The IPO was subscribed 69.4 times at the close of the issue. Known for a diverse portfolio that spans from salt to software, the Tata conglomerate has been a key player in India's growth story, boasting 17 listed companies and a staggering market capitalization of 25 lakh crore.

The values of loans, deposits and CASA improved for most listed banks during Q2FY24. HDFC Bank continues to lead in bank operations.