CLSA - The demonetisation reset

Good Afternoon

 

Pls find an insightful report - CLSA - The demonetisation reset

 

The key theme is Large disruptions near term; long-term story attractive

 

CLSA believes that the pain is unlikely to be significant beyond two quarters, except in property and related sectors

viz, housing finance/cement. It believes the scheme would be a success if at least US$30bn-40bn doesn’t return back into the system, which provides enough room for fiscal stimulus.  A large fiscal stimulus from the government from the one-time savings could partially offset the negative impact from the property slowdown

 

Warm Regards

Anurag Singal

Sr Manager –Business Development

Essel Mining & Industries Ltd

14^th Floor, Industry House

10,Camac Street –Kol-71

Ph: 033-30518415,9088026252

 

The information contained in this electronic communication is intended solely for the individual(s) or entity to which it is addressed. It may contain proprietary, confidential and/or legally privileged information. Any review, retransmission, dissemination, printing, copying or other use of, or taking any action in reliance on the contents of this information by person(s) or entities other than the intended recipient is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us by responding to this email or telephone and immediately and permanently delete all copies of this message and any attachments from your system(s). The contents of this message do not necessarily represent the views or policies of Aditya Birla Group. Computer viruses can be transmitted via email. Aditya Birla Group Companies attempts to sweep e-mails and attachments for viruses, it does not guarantee that either are virus free. The recipient should check this email and any attachments for the presence of viruses. Aditya Birla Group does not accept any liability for any damage sustained as a result of viruses.