{"id":2230,"date":"2020-09-10T18:52:00","date_gmt":"2020-09-10T18:52:00","guid":{"rendered":""},"modified":"2025-11-07T10:56:14","modified_gmt":"2025-11-07T05:26:14","slug":"kal-aaj-aur-kal","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/kal-aaj-aur-kal\/","title":{"rendered":"Newsletter – Kal, Aaj Aur Kal – Research & Ranking"},"content":{"rendered":"
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K A L , A A J  A U R K A L<\/strong><\/p>\n\n\n\n

1971 Movie<\/strong><\/p>\n\n\n\n

Three generations of a family, decide to live together. However,their different mindsets create conflicts with each other and disrupt the harmony of the house.
However, in the end all of them realise that they have to respect each other to live a good life.<\/p>\n\n\n\n

2020 Equity Portfolio<\/strong><\/h2>\n\n\n\n

Similarly, while investing in the equity markets, we have to analyse data which may pertain to the past situation, present situation or situation likely to emerge in the future. All of these data have to be given equal respect without letting one set of data drive the investment decisions. This will ensure harmony in the mind (read portfolio).<\/p>\n\n\n\n

KAL (YESTERDAY)- MAR-JUN 2020<\/strong><\/p>\n\n\n\n

QUARTERLY GDP GROWTH RATE<\/h2>\n\n\n\n

FY21 will see negative GDP growth (anywhere between 3%-6%) first time after 40 years. Other countries are also in the same boat. As per IMF, the global<\/a> economy is expected to contract by 4.9% in 2020: advanced economies by 8%, emerging markets by 3%; the bounce back in 2021 is also likely to be sharp: 5.4%, 4.8% and 5.9% respectively.<\/p>\n\n\n\n

1QFY21 CONTRACTION COMPARISON GLOBALLY<\/h2>\n\n\n\n

Q1FY21 contraction is highest because of the most stringent lockdown globally. However, the fatality rate was also amongst the lowest, at less than 2% vs. 5-12% in most countries.<\/p>\n\n\n\n

Taking clue from China where GDP rose 12% in Q1FY21 vs. 10% contraction in the previous quarter, India\u2019s GDP should also bounce back sharply in Q2FY21 and then improve in subsequent quarters thereafter.<\/p>\n\n\n\n

Q1FY20 RESULT TREND<\/strong><\/p>\n\n\n\n

COVID CASES COUNTRY-WISE- JUNE 2020<\/strong><\/p>\n\n\n\n

HIGH LEVEL OF FUND RAISING BY CORPORATES DURING APR-AUG 2020<\/strong><\/p>\n\n\n\n

AAJ (TODAY)- JULY-SEPT 2020<\/strong><\/p>\n\n\n\n

What are we hearing\/ reading – Key events during month of August 2020<\/strong><\/p>\n\n\n\n

The on-ground activity seems to be normalizing in July faster than expected. Our channel checks and on-ground readings suggest:<\/p>\n\n\n\n

*If sales was 100 units pre Covid (Jan\/Feb), then current sales is 75 units or 85 units as case may be.<\/p>\n\n\n\n

July & August has thrown many positive surprises
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