A Rural Recovery Is Underway in India, or Is It?
Recently, the consumer insights arm of WPP came out with a report suggesting a sharp pickup in FMCG sales volume in rural India in 2QFY18 We see...
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Aequitas: Bagmane Prime Office REIT IPO - Stable Growth, Limited Yield Upside
Bagmane Prime Office Reit (BPOR) plans to raise around US$360m in its India IPO, down from its earlier estimated size of US$440m. In this note, we...
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EM Technicals: Overweight Asia; Indian Banks Are Breaking Out; Bottom-Up Ideas
Asia is leading EM higher. In this week's Chart Book, we highlight the following themes and actionable charts: Overweight Asia. In today’s...
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India: All Things Bearish
What doesn't look goodIs it a temporary phenomenon?Housing credit growth slowing even before demonetizationNoRERA slowing down real estate...
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India: Discretionary Demand Recovers While Staples Continue to Languish
Auto sales post strong rebound from demonetization lowsPassenger vehicle (PV) sales in India grew 22% YoY in April, the strongest showing since the...
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