Trendlyne Analysis Broker Research reports

In August 2024, the total number of passengers carried by Indian domestic airlines increased 5.7% YoY to 131.3 lakh. Total departures by scheduled carriers increased by 3% YoY to 88,675.

India's total wireless subscriber base decreased by 14.8 lakh subscribers MoM on a net basis, reaching 117 crore in July.

All telecom services providers, except BSNL, lost subscribers YoY.

In August 2024, Consumer Price Index (CPI) inflation rose MoM, while Wholesale Price Index (WPI) inflation moderated to 1.3%. The Purchasing Managers' Index (PMI) declined compared to the previous month.

The unemployment rate rose in August 2024. Foreign Institutional Investment (FII) witnessed inflows for the third consecutive month, while mutual funds (MFs) saw an outflow during the month. Crude oil prices fell on a MoM basis to its lowest level in the past five months.

In July 2024, the total value of credit card transactions continued the trend from June, and increased by 19.3% YoY, reaching Rs 1.7 lakh crore. Concurrently, the number of outstanding credit cards also grew, by 16.4% YoY. Private sector banks saw a 21.7% YoY rise in the value of transactions.

Retail sales in the automobile industry rose by 2.9% YoY in August 2024, reaching 18.9 lakh units. Two-wheeler retail sales increased by 6.3% YoY to around 13.4 lakh units, while car sales grew by 10.4% YoY to 3.2 lakh units.

Every segment except two-wheelers and three-wheelers recorded a YoY decrease during this period.

In August, automobile wholesales of listed companies grew by 5.9% YoY to 14.6 lakh units. Exports increased by 10.8% YoY to 2.7 lakh units. Domestic two-wheeler wholesales of listed companies increased by 9.9% YoY to 10.6 lakh units, while passenger vehicles fell by 3.5% YoY to 2.3 lakh units.

In July 2024, the total number of passengers carried by Indian domestic airlines increased 6.9% YoY to 129.9 lakh. Total departures by scheduled carriers increased by 2.3% YoY to 86,991.

In July 2024, private insurers sold 7.6 lakh policies, while LIC sold 16.3 lakh schemes. The first-year premium for private insurers grew by 7.3% YoY to Rs 13,379.2 crore. Meanwhile, LIC's first-year premium increased to Rs 18,430.6 crore, with its market share expanding by 270 bps YoY.

India's total wireless subscriber base increased by 13 lakh subscribers MoM on a net basis, reaching 117.1 crore in June.

India’s domestic demand was good with a consumption growth of 14.9% y-o-y in the quarter. However, India emerged as a net importer of steel, as it imported 0.6 MT of steel during Q1FY25, compared to a net export of 0.7 MT in Q1FY24. Finished steel exports from India continued to fall due to weak global demand and export competition from China.