India Macro Indicators share price target

Joining The Markets On The Upswing

Rebound to recovery?

The decline in headline inflation in the last two months is largely driven by a fall in food inflation. Consumer Food Price Index has come down sharply in the last two months from 5.1% in June 2021...

Weekly Eco Wrap: Inflation data to guide markets. CPI: Food inflation drives CPI lower

Monthly Chartbook: India's improving Vaccination rate to boost growth. IIP: Industrial activity continues to recover

August headline CPI eased to a 4-month low of 5.3% (vs 5.6% in July), in line with the consensus estimates.

Less euphoria in valuations by 'asset approach', while EVA from existing assets set to rise; GDP revival led by asset creation and exports manufacturing. Amongst the two major valuation approaches (asset approach' using P/B ratio and the income approach' using P/E ratio), NIFTY50 index is currently trading at relatively reasonable valuations on P/B basis at 3.6x, which is 0.77s.d. above LTA, largely driven by cheaper valuations of capital intensive sectors. Augmenting the picture further, existing assets are expected to improve their productivity or EVA (Economic value...

India's vaccinations run-rate (7-DMA) has increased to 7.5mn