Stock Market Strategy – Earnings Set To Accelerate; Macro Backdrop Improving: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

FY22 commenced with an odd sense of deja vu as the second Covid-19 wave swept across the country over April–May 2021, resulting in localised lockdowns and restrictions.

Nonetheless, after peaking in May, active Covid-19 cases have already declined 88% from the peak and restrictions are gradually being eased since June.

The pace of vaccinations has also picked up – India administered four million vaccines daily, on average, in June, double the average of two million vaccines daily in May; this is expected to improve further on increased availability.

The equity markets have largely looked through the turbulent period of April/May and have shown strong resilience, with indices trading near all-time highs – buoyed by best-in-decade earnings delivery in FY21 and the expectation of an even better FY22.

The midcap and smallcap indices have sharply outperformed the Nifty and reset several benchmarks,

Click on the attachment to read the full report:

Motilal Oswal India Srategy Q1FY22.pdf


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