India Macro Indicators share price target

In-line inflation print; IIP growth muted

CPI inflation for December 2021 rose to 5.6% compared to 4.9% in November 2021 but was lower than market estimates. Higher inflation was largely due to higher food inflation, largely attributable to the unfavourable base effect in vegetable prices along with...

slowdown due to price hikes and 2) large base of LY. With sustained RM Acc=Accumulate/ UR=Under Review inflation (LME spot Copper/ Aluminum prices up by 4.6%/ 5.3%), inability to increase prices due to weakened demand and return of some discretionary Note: Target prices may not be consistent costs, we expect margins to remain under pressure. We expect EBITDA/PAT with ratings as Bajaj, Havells, and KEI have YoY growth of 4%/ 5% across our coverage universe. Also with threat of a 3rd...

India’s real GDP is likely to maintain a 9% growth rate in FY22 and FY23, amid concerns over the Omicron variant of the coronavirus, a report said. The Indian economy grew at 8.4% in Q2 of the fiscal, as against a growth of 20.1% in April-June. “We are maintaining our forecast of a 9% GDP expansion in FY22. We expect the economy to maintain a similar 9% growth in FY23,” said Aditi Nayar, chief economist, Icra.

CPI inflation for November 2021 rose to 4.9% compared to 4.5% in October 2021. Higher inflation was largely due to higher food inflation, largely attributable to a sequential rise in vegetable prices...

In-line inflation print; IIP continues to recover

Economic Recovery Gains Traction in Q2FY22